Pre-Market Report – Thursday 14 Mar: SPI Futures up 22, copper hits 11-month high

USStocks closed lower on Wednesday and struggled to continue momentum from a session earlier, with Nvidia pulling back alongside the broader technology sector.

The S&P 500 slipped 0.19% to close at 5,165.31, while the Nasdaq Composite fell 0.54% to 16,177.77. The Dow Jones Industrial Average pulled back 37.83 points, or 0.1%, to finish the session at 39,043.32. 

ASX SPI FUTURES up 22

• Gold rebounds on dollar retreat as Fed still seen cutting rates.
• Uranium sinks. Lithium steady.
• Iron ore at over 6-month low on mounting fears of easing Chinese demand.
• Oil prices up 3% to 4-month high on US crude stock drop, Russian refinery attacks.
• US gasoline stockpiles slump more than forecast on rising demand -EIA.
• OPEC says IEA commentary on oil security encouraging.
• Ukrainian drones damage Russian oil refineries in second day of attacks.
• Copper soars to 11-month high on Chinese plans to cut output.

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