Breakfast Briefing – Thu 3 Mar

The Russia-Ukraine conflict dominated overnight headlines again with Russia announcing they are ready to hold a second round of talks with Ukraine on Wednesday. On the US front, comments from Powell on plans to dial back the Fed’s interest rate stance settled markets, the Dow Jones rallying through the session, finishing just off highs up 596 points (+1.79%). SPI Futures are up 69 points (+0.97%) this morning. Energy still looks like the sector to be in with oil continuing to soar, up over 7% overnight. Get up to speed on all the latest market headlines with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures up 69
• Dow up 596 (1.8%) Nasdaq up 220 (1.6%)
• US 10 year yields spike on Powell comments.
• Commodities higher again. Oil at decade highs at US$113 for Brent. 
• Iron ore slightly higher. Gold down 1.6%.

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