Marcus Today Pre-Market Podcast – Monday 23rd January

Marcus Today Market Updates

The Dow Jones Industrial Average added 330.93 points, or 1%, to close at 33,375.49, while the S&P 500 advanced 1.89% to 3,972.61. Both indexes snapped a three-day losing streak. Meanwhile, the Nasdaq Composite rose 2.66%, with help from Netflix and Alphabet, to end the day at 11,140.43

• Wall Street climbs on Alphabets, Netflix lift.
• Netflix subscriber growth easily tops expectations.
• Stocks gain, dollar jumps.
• Google parent to lay off 12,000 workers as AI focus intensifies.
• China kicks off Lunar New Year holiday.
• For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns.
• China plays down COVID outbreak with holiday rush at full tilt
• Iron ore futures buoyed by China demand sentiment despite early week slump.
• Oil up more than 1% on track the second week of gains on China demand outlook.
• Gold eases as dollar ticks up, but set for fifth weekly rise.
• Global refined copper market swings to deficit in November.
• Fortescue sees renewables overtaking iron ore business.
• Nickel stocks at 14 year low but Indonesian supply of NPI to fill the gap.
• Macquarie predicts nickel surpluses in 2023 and 2024 after price up 45% last year. Plentiful nickel supplies for electric vehicle industry.

Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.
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