Marcus Today Pre-Market Podcast – Friday 12th January

Stocks ended Thursday near the flat line after a fresh round of inflation data reflected an uptick in consumer prices for December. The Nasdaq Composite closed at the flat line, settling at 14,970.19. The Dow Jones Industrial Average eked out a gain of 15.29 points, or 0.04%, to close at 37,711.02. The S&P 500 edged lower by 0.07% to end at 4,780.24. Earlier in the session, the broad market index briefly traded above its record closing high of 4,796.56.

ASX SPI Futures down 34 points.

• Base metals firmed on a weaker dollar. Nickel +0.37%, Aluminium +0.02%, Zinc +0.12%, Lead +1.58%, and Tin +0.49%.
• Gold dipped to a one-month low, before finishing up 0.23%
• Iron ore recouped losses overnight, up 0.50% after falling for five consecutive sessions, helped by the latest support for the property market and renewed hope of monetary easing in China.
• WTI gained 0.81%, and Brent Crude rose 1.30% after Iran seized an oil tanker off the coast of Omen, raising the possibility of escalating conflict in the Middle East.
• 10Y Bond Yields – US 3.981%, Australia 4.082%, Germany 2.194%.

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