Business:Investing
Marcus Today Pre-Market Podcast – Friday 18th November
2022-11-17
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US markets slipped overnight, and bond yields jumped as the hope of a Fed pivot dissipated. The Dow Jones closed down eight points (-0.02%), following a late rally into the close. At worst it was down 314 points, at best it was up 62 points. The S&P 500 slipped 0.31%, and the NASDAQ fell 0.43%. In Europe, Stoxx 50 down 0.1% FTSE down 0.1%, CAC down 0.5%, and DAX up 0.2%. SPI Futures are up six points (+0.08%%), following a 14-point rise yesterday.
- Copper retreats on renewed worries about China Covid curbs.
- Gold slides 1% as dollar marches ahead.
- India set to be one of the world’s fastest-growing copper markets in 2022.
- Canada very unlikely to join OPEC like group for nickel.
- LME tightens restraints as nickel turns unruly again.
- LME raises initial margins on nickel by 28% after volatility.
- Nickel price tumbles as LME scrutinises volatile trading.
ON THE CALENDAR TODAY
- Japanese data: Inflation rate for October.
- UK data: Retail sales for October.
- US data: Existing home sales for October & CB leading Index for October.
- Corporate events: N/A.
- AGM’s: MGR, LLC, ATM, NXT, NHF, LOV, PXA, NAN, & CVN.
- Ex-Dividends today: SOL, ORI
Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.
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