Market Updates
A twice-daily podcast from the Marcus Today team for self-directed investors.
Published every weekday before the ASX open and after the close (AEST), these short updates cover what's moving markets, key developments overnight, and the themes shaping the trading day.
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Market Updates
Marcus Today Pre-Market Podcast – Monday 23rd January
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The Dow Jones Industrial Average added 330.93 points, or 1%, to close at 33,375.49, while the S&P 500 advanced 1.89% to 3,972.61. Both indexes snapped a three-day losing streak. Meanwhile, the Nasdaq Composite rose 2.66%, with help from Netflix and Alphabet, to end the day at 11,140.43
- Wall Street climbs on Alphabets, Netflix lift.
- Netflix subscriber growth easily tops expectations.
- Stocks gain, dollar jumps.
- Google parent to lay off 12,000 workers as AI focus intensifies.
- China kicks off Lunar New Year holiday.
- For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns.
- China plays down COVID outbreak with holiday rush at full tilt
- Iron ore futures buoyed by China demand sentiment despite early week slump.
- Oil up more than 1% on track the second week of gains on China demand outlook.
- Gold eases as dollar ticks up, but set for fifth weekly rise.
- Global refined copper market swings to deficit in November.
- Fortescue sees renewables overtaking iron ore business.
- Nickel stocks at 14 year low but Indonesian supply of NPI to fill the gap.
- Macquarie predicts nickel surpluses in 2023 and 2024 after price up 45% last year. Plentiful nickel supplies for electric vehicle industry.
Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.
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