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Pre-Market Report – Tuesday 3 December: US records fall | ZIP Chairman resigns
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The S&P 500 booked its 54th record closing high overnight, up 0.24%, while the NASDAQ rose nearly 1% led by gains in mega-cap tech stocks. Microsoft +1.8%, Meta +3.2% and Alphabet +1.5%. The Dow lost 129 points (-0.29%). Up 91 points at best. Down 200 points at worst. Small caps Russell 2000 ended just below flatline and Wall Street's “fear gauge” the VIX dipped 0.67%. In economics, US ISM Manufacturing PMI rose to 48.4 in November beating expectations of 47.5, indicating a softer contraction in the manufacturing sector. In Fed speak, Bostic's commentary was uncertain, stating price stability and employment were broadly healthy, but continued positive data was not assured. Waller is leaning towards a rate cut in December given current data but reiterated that the Fed could consider holding rates steady to collect more inflation. Treasury yields were little changed, while the USD Index gained 0.60% and the Aussie dollar dropped 0.58%. December FOMC meeting is 15 days away with the odds of a 25bps cut at 74.5% rising from 66% in the previous session, according to the CME FedWatch tool.
ASX SPI up 62 - ZIP Chair Resigns - CKF Downgrades
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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 453290809 series 2991632
The S&P 500 booked its 54th record closing high overnight, up 0.24%, while the NASDAQ rose nearly 1% led by gains in mega-cap tech stocks. Microsoft +1.8%, Meta +3.2% and Alphabet +1.5%. The Dow lost 129 points (-0.29%). Up 91 points at best. Down 200 points at worst. Small caps Russell 2000 ended just below flatline and Wall Street's “fear gauge” the VIX dipped 0.67%. In economics, US ISM Manufacturing PMI rose to 48.4 in November beating expectations of 47.5, indicating a softer contraction in the manufacturing sector. In Fed speak, Bostic's commentary was uncertain, stating price stability and employment were broadly healthy, but continued positive data was not assured. Waller is leaning towards a rate cut in December given current data but reiterated that the Fed could consider holding rates steady to collect more inflation. Treasury yields were little changed, while the USD Index gained 0.60% and the Aussie dollar dropped 0.58%. December FOMC meeting is 15 days away with the odds of a 25bps cut at 74.5% rising from 66% in the previous session, according to the CME FedWatch tool.
ASX SPI up 62 - ZIP Chair Resigns - CKF Downgrades
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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