Pre-Market Report – Friday 10th October - US markets take a breather - Gold slips- Rare earths in focus - SPI down 38
Description
US stocks fell overnight and the Aussie futures market went mildly down in sympathy. The Nasdaq did lift from its intraday low in late trade. Both bitcoin and gold fell too. Most eyes will likely be on rare earth shares today as China adds to its restrictions and conditions around the metals. China controls approximately 80% of the rare earths market and uses it as leverage in trade negotiations. Copper stocks could continue to rally today after another strong session for the metal in London.
ASX set to open lower. SPI down 38 points. Gold slips - Rare earths push higher.
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