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Pre-Market Report – Wednesday 18 December: Dow falls 9 days straight | Fed in focus
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The Dow Jones Industrial Average fell for its first nine-day losing streak since the 1978. The 30-stock average shed 347 points, or 0.7%. The S&P 500 lost 0.5% , while the Nasdaq Composite ticked down 0.5%.
ASX SPI down 14. Waiting for Fed - NAB AGM today.
Commodities
- LME Copper prices fell to a two-week low, down 0.81%. Aluminium dropped 1% touching a one-month low over surplus concerns.
- Iron ore ended 0.24% lower in a range-bound trading session as markets weighed slowed shipments and weak demand from China.
- Gold dropped 0.30% pressured by a stronger USD ahead of the Fed’s rate decision tomorrow.
- Lithium off 0.14%. Saudi Arabia plans a pilot program to extract lithium from Aramco's oilfield brine. Lithium Infinity will lead the project with Ma'aden and Aramco, Vice Minister Khalid al-Mudaifer announced.
- WTI eased 1.0% on demand worries following negative economic releases from Germany and China.
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1666 episoade
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on December 23, 2024 22:33 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 456020648 series 2991632
The Dow Jones Industrial Average fell for its first nine-day losing streak since the 1978. The 30-stock average shed 347 points, or 0.7%. The S&P 500 lost 0.5% , while the Nasdaq Composite ticked down 0.5%.
ASX SPI down 14. Waiting for Fed - NAB AGM today.
Commodities
- LME Copper prices fell to a two-week low, down 0.81%. Aluminium dropped 1% touching a one-month low over surplus concerns.
- Iron ore ended 0.24% lower in a range-bound trading session as markets weighed slowed shipments and weak demand from China.
- Gold dropped 0.30% pressured by a stronger USD ahead of the Fed’s rate decision tomorrow.
- Lithium off 0.14%. Saudi Arabia plans a pilot program to extract lithium from Aramco's oilfield brine. Lithium Infinity will lead the project with Ma'aden and Aramco, Vice Minister Khalid al-Mudaifer announced.
- WTI eased 1.0% on demand worries following negative economic releases from Germany and China.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1666 episoade
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