Pre-Market Report – Monday 12 August SPI jumps 59 Points - JBH Special Divided - AZJ Results

Wall Street ended the week on a calmer note in an uneventful day of trade. The S&P rose 0.47%, almost regaining all its losses since Monday's sharp sell-off, triggered by the unwinding of yen-funded carry trade and fears of a recession. The Dow edged higher, up 51 points (+0.13%). Up 182 points at best. Down 216 points at worst. The NASDAQ gained 0.21%, but small firms in Russell 2000 lost 0.17%. Wall Street's fear gauge, the VIX, fell another 14.38% to 20.37, down 47.17% from Monday's 38.57. Longer-dated Treasury yields dipped. 10Y yield fell 5bps, while the 2Y yield rose 2.1bps. Nothing was on the economic calendar overnight, and no Fed Speak was scheduled. Markets focus now shifts to PPI on Tuesday and CPI on Wednesday. Bitcoin gained 0.78%, rising back above $60k, and the Aussie dollar slid 0.3% to 65.72c.ASX SPI Futures up 59 points - JBH special dividend - AZJ ResultsCOMMODITIESWoodside's bid for LNG developer Tellurian unlikely to be rivalled, sources say.Rio Tinto's Serbia lithium project could take two years to approve, minister says.Gold holds ground on US Fed rate-cut hopes, lower yields.Copper rallies as US growth fears ease and China inventories fall.Oil posts 3% weekly gains on positive economic data, rate cut hopes.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.