Pre-Market Report – Tuesday 12 Mar: Quiet session in the US, iron ore in focus

The S&P 500 and Nasdaq Composite both ended lower on Monday, while the Dow edged higher. The broad S&P 500 and technology-heavy Nasdaq closed 0.1% and 0.4% lower, respectively. Both saw their second negative sessions in a row.
Oracle up 13% on results after hours.

ASX SPI Futures up 5 points

• Base metals broadly higher, Nickel +1.23%, Aluminium +0.62%, Zinc +1.48%, Lead +1.0%, and Tin -0.09%.
• Copper up 0.69% as the market awaits Chinese loan data for indications of demand.
• Gold up 0.21% trading near its highest levels after a record rally last week.
• Oil prices held steady, WTI fell 0.11% and Brent Crude %.
• Currencies - Aussie dollar down 0.23% to 66.12c, USD Index +0.14%, and Euro -0.07%.
• 10Y Bond Yields – US 4.096%, Australia 3.991%, and Germany 2.302%.

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