Pre-Market Report – Tuesday 17 February: US markets closed | BHP results and silver deal

The US bond and stock markets were closed Monday for Presidents’ Day. That means we have no Wall Street lead for today’s ASX. SPI futures are up 15 points and suggest the ASX will open modestly higher. The news of the day will be dominated by the release of BHP’s latest results. The market will be looking for further clarity around their current negotiations around iron ore pricing with China. Commodity contracts still changed hands, with oil edging up as the world awaits Iranian developments, while gold slipped back on thin trading. Industrial metals in London were generally lower. China is on Lunar New Year holiday all week so news flow from the biggest consumer will be muted. I wouldn’t expect much from any of them for now.BHP - SEK - JDO results—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Todayhttp://bit.ly/mt-trial-podcastJoin Marcus TodayUse code MTPODCAST for 10% offhttp://bit.ly/mt-join-podcast-offerMT20 – Managed ETF PortfolioA professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.http://bit.ly/mt20-podcastPrinciples – How We Think About InvestingA short video series on timing, behaviour, and decision-making. No stock tips.http://bit.ly/mt-principles-podcast—DisclaimerThis podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.