Marcus Today Pre-Market Podcast – Tuesday 17th January

US Markets closed for Martin Luther King Jr Holiday.

• SPI Futures down 18 points.
• Gold eases as USD rallies slightly.
• US Dow Futures down around 38 points.
• Commodities mixed Copper down 1%. 
• Oil down 1.3%

European equity markets closed higher on Monday, with the STOXX 600 extending its 2023 rally to a fresh nine-month high led by retail, financial and media stocks. Domestically, the German DAX added 0.4% to above 15,139 for the first time since mid-February.

Davos 2023 – The World Economic Forum in Davos Starts Today.

• Big Oil insights of climate activist protests.
• Greta Thunberg's attendance at Davos a hot topic of conversation.
• Recession casts long shadow over opening of WEF Summit.
• Global recession in 2023 seen as likely in WEF survey.
• PwC survey says CEOs are the most gloomy on growth in a decade.
• Survey says two thirds of economists expected global recession this year.
• 18% of economists say recession this year is “extremely likely”.
• World Bank cuts 2023 growth forecasts quoting rate hikes, Ukraine war and economic slowdown.
• Manchester United host Davos party. Team for sale.

Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead.

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