Oil tumbles, gold slips; Wall Street turns lower

November 8, 2023

AUD -0.3% to 64.14 US cents

Bitcoin +1.3% to $US35,261 at 4.36am AEDT

On Wall St at 12.40pm: Dow -0.3% S & P -0.2% Nasdaq -0.3%

In New York: BHP -0.8% Rio -0.5% Atlassian -3.1%

Tesla -1.9% Apple +0.1% Amazon -0.9%

Airbnb -3.9% Intel -2% Palantir -2.7%

VIX +0.2% QQQ -0.4% TLT +1.2%

Stoxx 50 +0.6% FTSE -0.1% DAX +0.5% CAC +0.7%

Spot gold -0.8% to $US1952.86/oz at 12.29pm in New York

Brent crude -2.3% to $US79.75 a barrel

Iron ore +1.1% to $US124.40 a tonne

10-year yield: US 4.53% Australia 4.58% Germany 2.61%

US prices as of 12.28pm in New York

Today’s agenda

Local: NZ October retail card spending at 8.45am

Overseas data: China October CPI and PPI at 12.30pm; Japan September current account

Oil slides

As the risk premium from the Israel-Hamas has faded in recent weeks, traders’ focus has shifted to demand, which has shown signs of softening, Bloomberg reported.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.



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