Breakfast Briefing – Wed 1 June

The Dow finished down 223 points in a late fade as Biden and Powell met to discuss inflation. The headline from the meeting was that Biden will not interfere with the Fed’s decisions on inflation. 

SPI Futures are down 26 points with first-quarter GDP out today. 

Get up to speed with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 26 points.
• Dow down 223 points (0.7%)
• S&P 500 down 26 (0.6%)
• Nasdaq down 50 (0.4%)
• Gold flat. Oil falls 2% after rally fades.
• US consumer sentiment falls. Biden talks turkey with Powell.
• Base metals ease. Iron ore unchanged.
• GDP beckons at 11.30am

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