Morning Wrap: ASX 200 to rise, S&P 500, Nasdaq inch higher + Gold, copper and uranium stocks soar

The S&P 500 and Nasdaq eked out a small gain following softer-than-expected services data and a ‘no surprises’ speech from Fed Chair Powell, gold hits another record high, copper prices soar to levels not seen since February 2023 and uranium equities trended higher overnight.

Let’s dive in. S&P 500 SESSION CHART

S&P 500 intraday S&P 500 higher but off best levels (Source: TradingView) MARKETS

S&P 500 higher but finished off best levels after a volatile season Bond yields, US dollar and VIX lower after recent upswing Overnight markets supported by yield stabilisation following softer-than-expected ISM services data and cooling price sub-index as well as no surprises from Powell speech Gold hit record high of US$2,300, extends win streak to eight Copper soars to US$4.2/lb for the first time since February 2023 Powell delivered economic remarks where he largely reiterated previous commentary on monetary […]

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