Marcus Today Pre-Market Podcast – Tuesday 16th January

US markets closed last night.

The pan-European STOXX 600 ended 0.5% lower, as government bond yields across the region perked up after ECB’s chief economist pushed back against rising expectations for rate cuts.

ASX 200 SPI Futures down 21 points.

• Copper closed up 0.56% at $8,381 after falling as far as $8,308.
• Zinc jumped 1.57% after Nyrstar said it will suspend zinc smelting operations at its Dutch plant in Budel in the second half of January.
• Base metals mixed, pressured by a rising dollar. Nickel -0.61%, Aluminium -0.83%, Lead +0.81%, and Tin -0.94%.
• Gold advanced 0.40% on safe-haven demand on rising tensions in the Middle East.

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