Marcus Today Pre-Market Podcast – Wednesday 15th February

The Dow Jones Industrial Average slipped 156.66 points, or 0.46%, to close at 34,089.27. The S&P 500 fell 0.03% to 4,136.13. The Nasdaq Composite recouped losses to close 0.57% higher at 11,960.15, boosted by technology stocks including Tesla and Nvidia, which rose 7.51% and 5.43%, respectively.  SPI Futures up 1. 

•  US CPI came in pretty much inline. Inflation rose in January by 0.5%
• “Super core” services inflation, which is key for the Fed and excludes food, energy and shelter, rose 0.2% for the month and was 4% higher than a year ago.
• Lael Brainard appointed as White House top economic adviser. 
• Commodities mixed, gold steady and oil and oil down slightly.
• Results dominate: CBA cash profit up 9% on NIM expansion. Dividend up 20% to 210c.
• Phil Lowe to face Senate estimates today.

Catch up on the latest news with Henry Jennings’ Pre-Market Podcast.

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