Marcus Today Pre-Market Podcast – Tuesday 6th December
December 06, 2022
US markets fell overnight on the back of strong economic data, which supports the case for the Fed to continue to raise interest rates. The Dow Jones was down 438 points (-1.40%). At best it was down 94 points, and at worst it was down 583 points. The NASDAQ fell 1.92%, and the S&P 500 finished xx% lower, with 95% of companies trading lower. In Europe, STOXX 50 -0.5%, FTSE +0.2%, CAC -0.7%, DAX -0.6%. SPI Futures are down 47 points (-0.64%) this morning, following a 24-point rally yesterday.
- Wall St sinks as strong services data causes jitters over Fed direction
- Stocks Hit by Fed-Hike Worries as Bond Yields Jump
- U.S. services industry regains steam; factory orders accelerate
- Russia unleashes missiles across Ukraine, drones hit bases deep inside Russian territory
- FX swap debt an $80 trillion 'blind spot' global regulator says
- Vodafone CEO to leave after frustrating four years for shareholders
- U.S. Supreme Court leans toward web designer with anti-gay marriage stance
- Oil falls over 3% after data raises Fed interest rate worries
- Gold pulls back as dollar rebounds on strong U.S. data
- Lithium price to retreat from record as electric car sales slow
- China demand hopes fuel copper's rise to three-week peak
ON THE CALENDAR
Domestic data: RBA interest rate decision & current account for Q3.
Japan data: Household spending for October.
UK: Retail sales for November.
US: Balance of trade for October & Redbook data for December.
Catch up on the latest news with Henry Jennings’ Pre-Market Podcast.
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