Marcus Today Pre-Market Podcast – Thursday 18th January

The Dow Jones Industrial Average declined 94.45 points, or 0.25%, to close at 37,266.67. This marked the third straight day of losses for the 30-stock index. The S&P 500 slid 0.56% to close at 4,739.21, and the Nasdaq Composite lost 0.59%, ending the session at 14,855.62.

Treasuries under pressure with curve bear flattening; 2Y back near 4.35%.
December retail sales came in stronger than expected with the control group +0.8% vs the +0.2% consensus.

ASX to fall. SPI Futures down 20 points (-0.27%). 

• Gold stumbles to a more than one-month low, down 1.05%, following strong economic data, USD and yields.
• Copper prices fell to their lowest level in over four weeks, down 1.02% on worries about China’s economy after disappointing data.
• Dalian Iron Ore fell 1.56% after weak economic data from China weighed on market sentiment.
• 10Y Bond Yields – US 4.106%, Australia 4.288%, and Germany 2.288%.
• Oil prices ended near flat, as severe cold disrupted some US oil production, helping offset poor growth data from China. Brent Crude up 0.39%, and WTI up 0.22%.

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