Marcus Today Pre-Market Podcast – Wednesday 21st December

US markets finished higher after a choppy session, as the shock from the Bank of Japan’s sudden move was felt throughout global markets. The Dow Jones climbed 92 points (+28%). At worst it was down 108 points and at best it was up 235 points. The NASDAQ traded in a narrow range and finished the session up 0.01%, the S&P 500 gained 0.10%. In Europe, STOXX 600 was down 0.4%, FTSE up 0.1%, DAX down 0.4%, and France down 0.35%. SPI Futures are up 58 points (+0.83%), despite soft leads from the US.

In commodities, base metals rallied overnight thanks to the US dollar weakening helping make dollar-priced metals cheaper for buyers using other currencies. Nickel, zinc, and tin leading the charge up 3.43%, 2.14%, and 1.83%, respectively. Aluminium up 0.19% finding support from a weakening US dollar and a steep fall in inventories tradable on the LME. Oil prices mixed, brent crude down 0.57% and WTI up 1.16%. Coal was unchanged, natural gas took a massive hit down 8.93%. Gold rose 1.68%, recovering some of yesterday's losses. Bitcoin had a good night up 1.93%.

Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.

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