Marcus Today Pre-Market Podcast – Friday 14th April

US equities finished sharply higher closing near best levels. S&P and Nasdaq now both higher week to date. Fresh economic data showed cooling inflation and a loosening labour market, fuelled optimism the Fed would be nearing the end of its aggressive rate hike cycle. Gold hit a 13-month high, while the USD weakened. Treasuries little changed, rallying initially before retreating a touch. All three major US stock indices surged more than 1% with interest rate-sensitive tech stocks providing the most support pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-day percentage jump in nearly a month. Dow Jones up 383 points (+1.14%). Dow up 408 at best, and down 41 at worst. S&P 500 up 1.33%. NASDAQ up 1.99%. VIX Volatility Index down 6.8%. In Europe, Stoxx 50 +0.7% FTSE +0.2% CAC +1.1% DAX +0.2%. SPI Futures are up 15 points (+0.20%).

• Wall St rallies to higher close as inflation data feeds Fed pause hopes.
• US yields rise modestly, but downtrend intact in wake of weak data.
• Dollar dips as producer prices cool, euro hits one-year high.
• US labor market gradually losing steam; producer inflation cooling.
• Location, location, location: U.S. manufacturing boom has a real estate problem.
• Amazon cranks up AI competition against Microsoft, Google with new cloud tools.
• Twitter to let users offer content subscriptions in monetization push.
• Alibaba's Hong Kong shares slump on SoftBank's stake sale report.
• Google faces judge's questions as it asks court to toss U.S. antitrust lawsuit.
• OPEC cites risks to summer oil outlook as backdrop to shock cut.
• Copper hits two-week high on strong Chinese data and weak dollar.
• Gold rallies to 1-year peak as economic worries mount.
• Oil falls 1% on recession fears, OPEC summer demand warning.

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