Breakfast Briefing – Fri 13 May

Marcus Today Market Updates

The Dow finished down 104 points at the close, well-off lows of -606, as Jerome Powell was confirmed for a second term as Fed Chair. SPI Futures are pointing to a five-point loss to end the week.

• ASX 200 SPI Futures down 5 points.
• Dow down 104 points (0.3%)
• Nasdaq up 7 points (0.1%)
• S&P 500 down 5 points (0.1%)
• Powell reaffirmed as Fed chair - talks 50 bps rises.
• Base metals lower slightly. Iron ore down 3%.
• Gold down 1.6% Oil steady.
• Bit coin down 1.3% in volatile session.

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