Pre-Market Report – Wednesday 13 Mar: US CPI fails to disrupt the bulls

The Dow Jones Industrial Average gained 235.83 points, or 0.61%, to close at 39,005.49. The S&P 500 ticked up 1.12% to finish the session at 5,175.27, surpassing the previous record high close from March 7. The Nasdaq Composite advanced 1.54% to 16,265.64.

ASX SPI Futures up 14. Could see more today.

• Base metals mixed, Copper flat, Nickel +1.82%, Zinc -0.35%, Lead +0.78%, and Tin -0.63%.
• Aluminium is up 0.67%, nearing a six-week high on positive demand forecasts.
• Gold fell 1.10%, coming under pressure after US CPI results dimmed prospects of imminent rate cuts. Uranium falls again and Lithium rises.
• Oil prices settled lower following higher-than-expected forecasts for US crude oil production, WTI -0.46% and Brent Crude down 0.16%.
• Currencies - Aussie dollar -0.12%, USD Index flat, Euro -0.13%, and Bitcoin -1.63%.
• 10Y Bond Yields – US 4.153%, Australia 4.013%, and Germany 2.326%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.