Marcus Today Pre-Market Podcast – Friday 2nd February

Stocks in the US closed higher on Thursday, as the S&P 500 rose 1.25%, the Nasdaq advanced 1.3% and the Dow Jones added 369.

Meta soars after hours on first dividend payment and Buy Back. Amazon and Apple results too.

ASX to rise. SPI Futures up 30 points (+0.40%).

• Base metals are broadly lower. Nickel +0.52%, Aluminium -1.08%, Zinc -2.0%, Lead -0.21%, and Tin -1.56%.
• Uranium up to $107lb on Kazatomprom output guidance cuts.
• Copper prices fell 2.03%, though losses were limited by tighter supply and a weaker dollar.
• Gold gained 0.88%, nearing a one-month high after US Jobless claims rose last week.
• Oil prices fell after false market speculation that Israel had agreed to a Gaza ceasefire proposal.  WTI 2.52% and Brent Crude 3.54%.
• Dalian Iron ore dipped 0.47% as the market reassessed demand prospects from China amid property woes.  
• Aussie dollar rose 0.11% to 65.72c. USD Index fell 0.19% to 103.08. Japanese Yen -0.33%.
• 10Y Bond Yields – US 3.871%, Australia 3.958%, and Germany 2.157%.

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