Pre-Market Report – Wednesday 12 June: Resources Fall | Waiting for Fed
- Author
- Marcus Today
- Published
- Tue 11 Jun 2024
- Episode Link
- None
The S&P 500 and the Nasdaq Composite rose to fresh closing records on Tuesday, led upward by Apple. The 30-stock Dow Jones Industrial Average lost 120.62 points, or 0.31%, to end at 38,747.42.
ASX SPI down 36
- Oil settled slightly up on forecasts for strong global demand.
- Gold edges up as investors eye Fed outlook, US inflation data.
- Iron ore tumbles to 2-month low on concerns over weakening China demand.
- Copper hits seven-week low on weak China indicators and strong dollar.
- OPEC sticks to 2024 oil demand growth forecast but trims Q1 view.
- Saudi crude oil exports to China to fall for 3rd straight month in July.
- Red Sea ships attacks push 47% more crude oil, fuels around Africa.
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