All Episodes

February 1, 2023 10 mins

US markets were up overnight, adding to January's rally, as signs of easing labour costs and cooling inflation helped boost the market. US treasury yields and the dollar index declined. Exxon and GM up 2.2% and 8.35% after positive earnings releases, while McDonald’s and Caterpillar were down 1.39% and 3.52% on their results.

The Dow Jones closed up 369 points (+1.09%). At best it was up 378, and at worst it was down 52. The S&P 500 was up 1.46%, and the NASDAQ was up 1.67%. In Europe, STOXX 50 gained 0.15% FTSE -0.17% CAC +0.005% DAX -0.2%. SPI Futures are up 44 points (+0.59%).

Copper rose 0.20% overnight following a fluctuation in prices that reached seven-month highs before falling due to the Fed's hawkish tone, which strengthened the dollar making industrial products more expensive for buyers using other currencies. Base metals showed mixed results, with Aluminum and Nickel up 1.74% and 3.07%, while Zinc, Lead, and Tin fell 1.11%, 0.14%, and 0.62%. Gold gained 0.30%, marking its third consecutive monthly increase, backed by a weak dollar and expectations around slower rate hikes from the Fed. WTI rose 1.26% while Brent fell 0.61%, despite recent data indicating a sharp rebound in Chinese manufacturing and services activity in January. Bitcoin up 1.97% to $23k, up 39.1% for the month.

Catch up on the latest news with Henry Jennings’ Pre-Market Podcast.

Why not sign up for a free trial? Get access to expert insights and research and become a better investor.

Mark as Played

Advertise With Us

Popular Podcasts

Dateline NBC
Who Killed JFK?

Who Killed JFK?

Who Killed JFK? For 60 years, we are still asking that question. In commemoration of the 60th anniversary of President John F. Kennedy's tragic assassination, legendary filmmaker Rob Reiner teams up with award-winning journalist Soledad O’Brien to tell the history of America’s greatest murder mystery. They interview CIA officials, medical experts, Pulitzer-prize winning journalists, eyewitnesses and a former Secret Service agent who, in 2023, came forward with groundbreaking new evidence. They dig deep into the layers of the 60-year-old question ‘Who Killed JFK?’, how that question has shaped America, and why it matters that we’re still asking it today.

Las Culturistas with Matt Rogers and Bowen Yang

Las Culturistas with Matt Rogers and Bowen Yang

Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2024 iHeartMedia, Inc.