Marcus Today Pre-Market Podcast – Tuesday 9th May
US equities closed were mixed overnight in a dull day of trade coming off a sharp rally on Friday. The USD strengthened, treasury yields rose, and gold edged higher. Concerns about the debt ceiling are intensifying, while optimism rises that the worst stresses in US regional banking have passed. European markets ended higher broadly, supported by healthcare and bank stocks. Focus is now on US CPI data for April due out Wednesday for hints on whether rate cuts are coming soon. Dow Jones down 56 points (-0.17%). Dow at best up 73 and at worst down 165 in a flat day of trade. S&P 500 up 0.05%. NASDAQ up 0.18%. VIX Volatility Index down 0.1.2%. European markets are mostly up. Stoxx 50 +0.2%, FTSE +1%, CAC +0.1%, and DAX off 0.05%. SPI Futures are down 8 points (-0.11%).
Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.
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