Pre-Market Report – Friday 24 January: US hits record | Trump wants lower oil and rates

 The S&P 500 rallied to record highs on Thursday after President Donald Trump called for lower interest rates and cheaper oil prices. The broad market index added 0.53%, notching an all-time intraday high for the second straight session. The benchmark finished the day at 6,118.71, surpassing its prior all-time closing high of 6,090.27 recorded in early December. The Dow Jones Industrial Average advanced 408.34 points, or 0.92%, to 44,565.07, while the  Nasdaq Composite rose 0.22% to 20,053.68. Thursday marked the fourth straight winning session for all three major indexes.

HEADLINES

• S&P 500 touches all-time high with focus on Trump comments, earnings.
• ASX to rise, Wall St hovers near highs, oil eases – SPI up 29
• Trump tells Davos he will demand lower interest rates, oil prices.
• Trump says he wants to meet Putin soon to ensure end of Ukraine war.
• US labor market stays on solid footing early in the year.
• BOJ likely to raise rates to highest in 17 years, signal more hikes.
• UK's Reeves promises changes in March if needed to meet budget rules.
• Putin growing concerned by Russia's economy, as Trump mulls more sanctions.

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