US Markets closed for Martin Luther King Jr Holiday.
- SPI Futures down 18 points.
- Gold eases as USD rallies slightly.
- US Dow Futures down around 38 points.
- Commodities mixed Copper down 1%.
- Oil down 1.3%
European equity markets closed higher on Monday, with the STOXX 600 extending its 2023 rally to a fresh nine-month high led by retail, financial and media stocks. Domestically, the German DAX added 0.4% to above 15,139 for the first time since mid-February.
Davos 2023 – The World Economic Forum in Davos Starts Today.
- Big Oil insights of climate activist protests.
- Greta Thunberg's attendance at Davos a hot topic of conversation.
- Recession casts long shadow over opening of WEF Summit.
- Global recession in 2023 seen as likely in WEF survey.
- PwC survey says CEOs are the most gloomy on growth in a decade.
- Survey says two thirds of economists expected global recession this year.
- 18% of economists say recession this year is “extremely likely”.
- World Bank cuts 2023 growth forecasts quoting rate hikes, Ukraine war and economic slowdown.
- Manchester United host Davos party. Team for sale.
Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead.
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