Breakfast Briefing – Wed 29 June

Big tech stocks took a tumble as US markets saw their second consecutive losing session overnight. The catalyst was weak economic data which fueled more fears of a recession. The Dow fell 491 points (-1.56%), giving up some early gains. SPI Futures are pointing to an 84 point loss today (-1.26%). 

Get up to speed with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 84 points (1.3%)
• Dow finishes volatile day down 491 points (1.6%)
• Nasdaq falls 343 points (3.0%)
• S&P 500 down 70 (2.0%)
• US consumer sentiment falls to levels not seen since Feb 2021.
• Base metals flat. Oil better again as China opens up slightly.
• Iron ore slightly higher.
• Retail sales today.

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