Pre-Market Report – Wednesday 15th October US Markets mixed and volatile - SPI up 74! Gold pushes higher - BOQ raises dividend.
Description
US stocks were mixed in overnight trade. Both the Nasdaq (-0.76%) and SP500 (-0.16%) declined. That result was better than the initial opening move, which suggested that bigger declines were likely. Argy bargy between the US and China is giving a mixed outlook for the trade war.
ASX set to rise 74 points. BOQ raises dividend. Sarah Hunter (RBA) speaks
Both US indices steadied later in the day. Solid US bank earnings from Wells Fargo and Citigroup no doubt helped sentiment toward both the market and broader US economy. Volume across both markets was average relative to the last month of trading. Oil declined nearly 2% after the International Energy Agency forecast a glut for 2026. Industrial metals in London were down. Gold moved to an all time high of US$4,138.
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