Marcus Today Pre-Market Podcast – Tuesday 14th November

Wall Street finished mixed overnight in a quiet day of trade as markets wait for crucial inflation data tomorrow. The Dow Jones gained 55 points (+0.16%). Up 123 at best. Down 77 at worst.  The S&P 500 fluctuated near its key 4,400 mark before edging lower 0.08%, while the NASDAQ fell 0.22% on cautious trading with CPI results tomorrow, as well as PPI and retail sales data later in the week. Treasury yields are stable, with the 10Y yield flat, down 0.8%, the USD Index fell 0.19%, and Oil prices firmed on the OPEC+ monthly report. Among stocks, Nvidia +0.6% announced updates to its H100 AI processor, and HP gained 0.58% on broker upgrades from Citigroup.

ASX to open higher. SPI Futures up 68 points (+0.98%).

• Bullion prices ticked higher overnight, up 0.45% ahead of US inflation results this week.
• Base metals are broadly higher. Copper -0.60%, Zinc +% Nickel +1.26%, Aluminium +0.09%, Lead %, and Tin +0.53%.
• Iron ore rose for its fourth consecutive day of gains, up 0.23%, buoyed by optimism over Chinese property market sector-related stimulus.
• WTI and Brent Crude oil gained more than 1% after the OPEC+ monthly report eased worries about waning demand in China and the US.
• 10Y yield: US 4.63%, Australia 4.66%, and Germany 2.71%.

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