Marcus Today Pre-Market Podcast – Thursday 22nd December
US tech stocks drove markets up last night off the back of better-than-expected earnings reports and an improvement in consumer confidence. The Dow Jones rose 527 points (+1.6%). At worst it was up 178 points and at best it was up 588 points. The NASDAQ finished the session up 1.54%, the S&P 500 gained 1.49%. In Europe, STOXX 600 was up 1.17%, FTSE +1.7% DAX +1.5% CAC +2.0%. SPI Futures are up 41 points (+0.53%).
Commodities rallied overnight, most base metals continued their rally as the US dollar continued to drop. Nickel and lead flying ahead, up 4.33% and 1.33%, respectively. While aluminium, copper and tin rose 0.63%, 0.23% and 0.65%, respectively. The only base metal to drop overnight was Zinc, falling 2.57%. Oil prices performed well, brent crude up 3.16% and WTI up 2.97%. Coal was unchanged, natural gas up 0.11%, nowhere near enough to claw back yesterday’s losses. Gold was down 0.16%, and bitcoin fell 0.8% overnight.
Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead.
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