Market Updates
A twice daily podcast from the team at Marcus Today, the stock market newsletter for investors, bringing you up to speed with the latest stock market, financial, and business news. Published just before market open and after market close (AEST), Monday to Friday.
Market Updates
Marcus Today Pre-Market Podcast – Tuesday 17th January
US Markets closed for Martin Luther King Jr Holiday.
- SPI Futures down 18 points.
- Gold eases as USD rallies slightly.
- US Dow Futures down around 38 points.
- Commodities mixed Copper down 1%.
- Oil down 1.3%
European equity markets closed higher on Monday, with the STOXX 600 extending its 2023 rally to a fresh nine-month high led by retail, financial and media stocks. Domestically, the German DAX added 0.4% to above 15,139 for the first time since mid-February.
Davos 2023 – The World Economic Forum in Davos Starts Today.
- Big Oil insights of climate activist protests.
- Greta Thunberg's attendance at Davos a hot topic of conversation.
- Recession casts long shadow over opening of WEF Summit.
- Global recession in 2023 seen as likely in WEF survey.
- PwC survey says CEOs are the most gloomy on growth in a decade.
- Survey says two thirds of economists expected global recession this year.
- 18% of economists say recession this year is “extremely likely”.
- World Bank cuts 2023 growth forecasts quoting rate hikes, Ukraine war and economic slowdown.
- Manchester United host Davos party. Team for sale.
Tune in to Henry Jennings’ Pre-Market Podcast to get in the know for the day ahead.
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