Breakfast Briefing – Monday 22nd August

US markets finished the week on a soft note last week, the Dow closed down 292 points (-0.86%)., never touching positive territory. Inflation concerns were back in focus following hotter-than-expected business inflation data from Germany. SPI Futures are down 29 points (-0.41%) as another big week of results looms. 

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• ASX 200 SPI Futures down 29 points.
• Dow falls 292 points (0.9%)
• Nasdaq down 260 (2.0%)
• S&P500 down 55 (1.3%)
• Metal prices fall slightly. Gold down 0.5% on stronger USD
• Oil up 0.1% IO down 0.5%
• US 10-year yields close to 3% again
• Jackson Hole in focus.
• Results here will be key.

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