Breakfast Briefing – Wed 13 Jul

US stock fell overnight as recession fears continue ahead of the CPI number tonight. The Dow finished down 192 points (-0.62%). SPI Futures are predicting a flat open. 

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• ASX 200 SPI Futures unchanged.
• Dow falls 193 in late fall (0.6%)
• Nasdaq down 108 points (1.0%)
• S&P 500 drops 36 points (0.9%)
• Base metals ease. Copper down 2.9%
• Gold down 0.5% Iron ore down heavily 3.1% 
• Oil tumbles on recession fears down 7.1%
• RBNZ in focus at Midday.

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