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Pre-Market Report – Thursday 12 December: Nasdaq closes above 20k | US CPI in line
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The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P 500 gained 0.82% to close at 6,084.19. The Dow Jones Industrial Average was the outlier, falling 99.27 points, or 0.22%, to 44,148.56.
November's CPI was in line with expectations. The reading showed a 0.3% rise from October and 2.7% increase from a year ago. Excluding volatile food and energy prices, core CPI increased 0.3% on the month and 3.3% on an annual basis. Fed set to cut 25bps next week.
ASX SPI up 38 - Jobs number at 11.30am. Consensus +25k 4.1% headline rate - ORA sells US Business.
- WTI jumped 2.5% as EU sanctions on Russia's "shadow fleet" threaten supply. Brent crude up 2.2%.
- OPEC lowered its 2024 oil demand growth forecast for the fifth consecutive month, citing weaker Chinese demand. Growth is now expected at 1.61m bpd (-210k bpd).
- Chile projects 2025 copper output at 5.4–5.6m tons and prices at $4.2–$4.5/lb.
- LME copper fell 0.28% after touching a one-month high, as a stronger US dollar offset optimism over China's potential monetary easing.
- Gold rose 0.91% after inflation matched expectations.
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1666集单集
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on December 23, 2024 22:33 ()
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 455027091 series 2991632
The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P 500 gained 0.82% to close at 6,084.19. The Dow Jones Industrial Average was the outlier, falling 99.27 points, or 0.22%, to 44,148.56.
November's CPI was in line with expectations. The reading showed a 0.3% rise from October and 2.7% increase from a year ago. Excluding volatile food and energy prices, core CPI increased 0.3% on the month and 3.3% on an annual basis. Fed set to cut 25bps next week.
ASX SPI up 38 - Jobs number at 11.30am. Consensus +25k 4.1% headline rate - ORA sells US Business.
- WTI jumped 2.5% as EU sanctions on Russia's "shadow fleet" threaten supply. Brent crude up 2.2%.
- OPEC lowered its 2024 oil demand growth forecast for the fifth consecutive month, citing weaker Chinese demand. Growth is now expected at 1.61m bpd (-210k bpd).
- Chile projects 2025 copper output at 5.4–5.6m tons and prices at $4.2–$4.5/lb.
- LME copper fell 0.28% after touching a one-month high, as a stronger US dollar offset optimism over China's potential monetary easing.
- Gold rose 0.91% after inflation matched expectations.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.
Ready to invest in yourself? Join the Marcus Today community.
1666集单集
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