Breakfast Briefing – Tue 12 Jul

US markets pulled back overnight amid rising Covid concerns in China and ahead of the CPI number later this week. SPI Futures are up 18 points. 

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• ASX 200 SPI Futures up 18
• Dow down 164 (0.5%)
• Nasdaq down 263 (2.3%) Twitter falls 11.3% on Musk pulling out. 
• S&P 500 down 45 (1.2%)
• Base metals ease. Gold down 0.5%
• Iron ore down 1.9% Oil steady.
• CPI and US Results in focus.

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