Pre-Market Report Monday October 30

Reports Section

US markets closed mixed on Friday night after markets digested hot inflation and consumer spending data with company earnings reports. Dow Jones lost 367 points (-1.12%), the S&P lost morning gains to close down 0.48% and the NASDAQ rose 0.38%. The Dow was dragged lower by Chevron (-6.72%), and the NASDAQ mainly lifted due to big jumps in Amazon (+6.8%) and Intel (+9.29%). In Europe, markets also fell. DAX down 0.3%, STOXX 600 down 0.84% and FTSE down 0.9%.

Pre-market Podcast

Podcast Section

Wall Street closed mixed overnight as markets grappled with weak earnings reports and data that supported the possibility of sustained low interest rates. The Dow tumbled 367 points (-1.12%). Up just 3 points at best. Down 457 points at worst. The S&P 500 erased earlier gains and fell 0.48%, while the NASDAQ added 0.38% amid mixed earnings reports.

Henry’s Take

Reports Section

Gina pounces on AZS,
CXL gets its own Heirloom.
Nickel market in a state of flux.
Threats to iron ore producers from green policies.
Usual US Check Ins
IMARC Resource Conference kicks off tomorrow.

Diary Next Week

Reports Section

DIARY NEXT WEEK The US reporting season enters its final week with McDonald's, Uber, Airbnb, Pfizer, Eli Lilly, Qualcomm and Berkshire Hathaway the big names. Calendar HERE. On the economic front, we have a big week ahead. First and foremost in the USA is the big one, Fed Interest Rate Decision on Thursday morning. There is almost a certain chance that…