Breakfast Briefing – Wed 6 July

US markets were a little mixed overnight. The Dow finished down 129 points, with tech outperforming, leading the NASDAQ to a 194-point gain. The big story from the night though, was the oil price as WTI crude fell below US$100 a barrel. SPI Futures are down 64 points as the energy sector looks to be topping out fast.

• ASX 200 SPI Futures down 64 points (1%)
• Dow down 126 points in volatile trade (0.4%)
• S&P 500 up 6 points (0.2%)
• Nasdaq up 194 points (1.8%)
• Recession fears driving USD higher and yields lower.
• Commodities fall. 
• Oil falls 10%  Gold down 2.1%
• Iron ore slightly better up 3.2%

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