Breakfast Briefing – Friday 12th August

Marcus Today Market Updates

A bit of a nothing day of trade in the US, the Dow finished up 27 points (+0.1%), after being up as much as 342 at one point. Oil prices are climbing back up towards US$100 a barrel as the IEA lifted its demand forecasts. SPI Futures are down 20 points (-0.3%).
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• ASX 200 SPI Futures down 20 points
• Dow gains 27 points (0.1%) well off highs.
• S&P 500 down 3 (0.1%)
• Nasdaq falls 75 points (0.6%) as bond yields rise.
• US PPI falls. Gold down 0.6%
• Oil up 2.3% on IEA report.
• Base metals better. Iron ore up 1.6%
• Results dropping. IAG, BBN.

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