Pre-Market Report – Wednesday 27 November: US markets hit records | CPI and AGMs continue

Market Updates

Dow advanced 123.74 points, or 0.28%, to close at 44,860.31, reversing course after dropping more than 300 points at session lows. The S&P 500 added 0.57% to 6,021.63. Both the Dow and S&P 500 notched new intraday and closing records. The Nasdaq Composite jumped 0.63% to 19,174.30.
Tariff talk dominated. Volumes below normal as Thanksgiving approaches.
Minutes from Fed released - The central bank said it anticipates interest rate cuts in the future, but to only expect them “gradually.”
ASX SPI up 38 - AGMs to continue
COMMODITIES

• Oil settles down after Israel agrees to ceasefire deal with Lebanon.
• Gold steady as safe-haven demand faces mixed geopolitical signals.
• Copper slips as Trump releases details of China tariffs.
• Iron ore rangebound amid China rate cut hopes, Trump tariff plans.
• OPEC+ discusses further delay to oil output hike.
• Trump plans no exemption for oil imports under new tariff plan.
• TotalEnergies suspends Adani Green investment, awaiting clarity on bribery case, says CEO.
• Japan Prime Minister Ishiba calls on Biden to approve Nippon-US Steel deal, sources say.
• Four Barrick Gold employees arrested in Mali, miner says.
• Saudi Arabia agrees metals deals worth over $9bn.

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