Marcus Today Pre-Market Podcast – Thursday 11th January

Stocks closed higher Wednesday, with investors awaiting the release of fresh U.S. inflation data and earnings.

The S&P 500 gained 0.57% to end at 4,783.45, while the Dow Jones industrial Average added 170.57 points, or 0.45%, to close at 37,695.73. The Nasdaq Composite advanced 0.75% to settle at 14,969.65.

ASX SPI Futures up 13 points.

• Copper up 0.33% on arbitrage buying and a softer dollar.
• Dalian Iron Ore down 2.12%, for a fifth consecutive session, nearing a three-week low on muted demand by a weaker steel market and lack of fresh stimulus from China.  
• Base metals mixed. Nickel +0.80%, Aluminium -0.44%, Zinc -0.50%, Lead +1.48%, and Tin +0.72%.
• Gold eased 0.28%, ahead of inflation data, although a softer dollar kept a floor under prices.
• WTI -1.19%, and Brent Crude is down 1.04% following a surprise jump in US crude stockpiles raising concerns about demand in the largest oil market.
• USD Index down 0.16%, and Aussie dollar up 0.24% to 66.98 US cents.

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