Pre-Market Report – Wednesday 18 June: US markets fall on data and Iranian concerns | Oil higher

Wall Street recorded a night of losses as the US moved fighter jets to the Middle East and Trump called for Iran’s “unconditional surrender”. US retail sales data also came in lower than expected, dropping 0.9% against a forecasted rise of 0.1-0.2%. S&P 500 fell 0.84%, Nasdaq down 0.91%. Dow dropped at open, recovered by midday, but fell throughout the rest of the session. Ended near low, down 299 points. Nearly all sectors in the red. Energy the exception, followed oil up which rose on escalation of US involvement in Israel-Iran conflict.  

ASX to fall. SPI futures down 20 points (-0.23%). Oil up - Gold flat - No corporate news so far

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