Dow Jones down 38 points (-0.11%). Dow up 211 at best, and down 91 at worst. S&P 500 down 0.41%. NASDAQ fell 0.85%. VIX Volatility Index down 0.1%. In Europe, Stoxx 50 +0.02% FTSE +0.5% CAC +0.1% DAX +0.3%. SPI Futures are down 3 points (-0.04%).
- Copper prices also rose 1.01% due to lower-than-expected US inflation numbers.
- Nickel +0.17%, Aluminium +1.46%, Zinc +0.94%, Lead+2.16%, Tin +1.81%.
- WTI crude rose 2.11% and Brent rose 2.04, to the highest level since November 2021, due to a weaker dollar and concerns over tight supplies.
- Gold rose 0.57% overnight due to signs of cooling inflation and an increasing likelihood that the US Federal Reserve may pause its policy tightening.
HEADLINES
- ASX to open flat, Wall Street slides on data, rate outlook.
- Wall Street closes lower after Fed minutes, inflation data.
- Dollar, stocks slip after Fed minutes spur recession fears.
- Slowing US inflation shifts investor focus to earnings season.
- Warner Bros Discovery unveils revamped 'Max' in push for streaming growth.
- Nvidia enhances mid-range video gaming chip with AI technology.
- Credit Suisse rescue package rejected by Swiss parliament.
- Several Fed officials considered rate pause in March, minutes show.
- Yellen pushes for 'bold action,' more reforms at World Bank this year.
- Biden looks to boost EV sales with plan to cut vehicle emissions.
- Gold shines as bets for US rate hike pause gather pace.
- Copper rises after cooler than expected U.S. inflation data.
- Oil rises 2% on lower-than-expected US inflation data.
ON THE CALENDAR
- Domestic data: Unemployment Rate, Full-Time Employment Change.
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