Pre-Market Report – Wednesday 10 April: Commodity Boom Continues

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Pre-Market Report – Wednesday 10 April: Commodity Boom Continues | SPI up 28

1M ago 13:24

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The Dow slipped 9.13 points, or 0.02%, at 38,883.67. At its session low, the Dow was down 320.71 points, or 0.82%. The S&P 500 gained 0.14% to end at 5,209.91, while the Nasdaq Composite added 0.32% and closed at 16,306.64.
ASX to rise. SPI Futures up 24 points (+0.31%).

Base metals rallied with Nickel +2.99%, Aluminium +0.18%, and Lead +0.77%,
Copper gained 0.36% as fund buying offset the impact of higher inventories.
Tin advanced 4.45%, hitting a 14-month high, and Zinc rose 1.98%, reaching a 12-month high.
Iron up strongly.
Gold extended its record run, rising 0.59%, fuelled by buying momentum and geopolitical risks.
Oil prices lost ground as talks for a ceasefire in Gaza continued. WTI -1.38% and Brent Crude -1.31%.
Currencies - Aussie dollar -0.02%, USD Index -0.03%, Euro +0.01%, and Bitcoin -3.45%.
10Y Bond Yields – US 4.362%, Australia 4.119%, and Germany 2.372%.

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