Pre-Market Report – Tuesday 16 July: Trump Trade Back On - Dow Hits Record - SPI down 4 - RIO Production Numbers

 Dow jumped 210.82 points, or 0.53%, to 40,211.72. The S&P 500 added 0.28% to 5,631.22. Both touched new intraday highs in the session, while the former also saw a record close. The Nasdaq Composite rose 0.4% to 18,472.57.

ASX SPI Down 4 points.

• Gold at near two-month peak as Fed rate-cut hopes lend support.
• Oil prices ease on demand concerns in China.
• Iron ore extends gains on China stimulus hopes.
• China data and inventories weigh on copper.
• Rio Tinto shuts iron ore mine in eastern Canada amid wildfires.
• Investment in critical minerals in web of doubt, industry says.

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