Marcus Today Pre-Market Podcast – Tuesday 12th December

Overnight on Wall Street, stocks edged up ahead of the Federal Reserve’s last meeting of the year. The S&P 500 rose 0.4%, Nasdaq was up 0.2% and the Dow Jones added 0.4%. 

SPI Futures up 13 points.. Oracle falls 7% after hours on latest results.

• Base metals mixed. Nickel -1.51%, Zinc +1.05%, Lead +1.73%, and Tin -1.44%.
• Gold down 1.10%, hitting a three-week low as the USD and treasury yields firmed.
• Aluminium off 0.68%, touching three-month lows on expectations of rising inventories.
• Iron ore up 0.53% despite disappointing economic data from China.
• Copper -1.33% as mine closures and disruptions have changed the landscape for copper supplies.
• Brent Crude +0.4%, WTI +0.25% as OPEC+ cuts failed to full offset worries around crude oversupply and softer demand growth next year.
• 10Y Bond Yields – US 4.239%, Australia 4.368%, Germany 2.253%.
• Bitcoin down 6.82%.

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