Pre-Market Report – Friday 8 Mar: Markets continue higher, looking unstoppable...

Marcus Today Market Updates

The S&P 500 advanced 1.03% to 5,157.36, while the Nasdaq Composite climbed 1.51% to 16,273.38. Both hit all-time highs during the session, while the S&P 500 also managed a closing record. The Dow Jones Industrial Average gained 130.30 points, or 0.34%, to close at 38,791.35.
ASX to rise. SPI Futures up 45 points (+0.58%).

• Base metals are higher across the board, supported by a weaker USD. Nickel +1.67%, Aluminium +1.03%, Lead +2.03%, and Tin +1.90%.
• Zinc up 1.64%, and Copper up 0.88%, hitting five-week highs.
• Gold rose 0.59% to hit a new all-time high, extending its record run this week.
• Oil prices edged lower as markets asses the latest economic data from China. WTI -0.34% and Brent Crude -0.13%.
• Dalian Iron ore / Iron ore %
• 10Y Bond Yields – US 4.087%, Australia 4.008%, and Germany 2.298%.
• Currencies - Aussie dollar up 0.82% to 66.17US cents, USD Index -0.53%, and Japanese Yen -0.89%.

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