Pre-Market Report – Thursday 22 August: SPI Futures up 28 | Super Thursday results

Market Updates

The Nasdaq Composite climbed 0.57% to 17,918.99, also clinching its ninth positive day of 10. The Dow Jones Industrial Average ticked up by 55.52 points, or 0.14%, to finish at 40,890.49 for its sixth winning day of the last seven. The Russell 2000 outperformed, with the small cap-focused index climbing more than 1%.
FOMC minutes suggested a rate cut was growing more likely for September.
The revision of total payrolls following the Labor Department’s updated data released Wednesday morning comes out to a decline of 0.5%. That marks the largest downward revision since 2009.
ASX SPI up 28

• Oil settles $1 down after US job data revised significantly lower.
• Aluminium rally pauses on profit-taking, technical resistance.
• Gold prices hover near record high post US Fed minutes.
• Iron ore climbs to one-week high as property measures revive demand outlook.
• Chile's SQM posts 63% profit slump, expects weak lithium prices in near term.
• Copper giant Codelco invests in EVs, cacti as part of green makeover.
• EIA reports bigger-than-expected inventory crude draw.

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