Marcus Today Pre-Market Podcast – Friday 17th March

Marcus Today Market Updates

Dow Jones up 372 points (+1.17%). Dow up 407 at best and down 303 at worst. S&P 500 up 1.76%. NASDAQ up 2.48%. VIX Volatility Index down 12.1%. In Europe, STOXX 50 +2% FTSE +0.9% CAC +2% DAX +1.6%. SPI Futures are up 27 points (+0.39%).

• ASX to rise, Wall Street rallies on First Republic boost.
• Wall Street closes higher as First Republic helps lift banks.
• Global shares gain as banking sector lifelines bolster confidence.
• U.S. labor market remains tight; housing market stabilizing.
• Microsoft unveils AI office Copilot in fast-moving race with Google.
• Major US banks inject $30 bln to rescue First Republic Bank.
• Credit Suisse says key liquidity measure did not change the week SVB fell.
• Rio Tinto appoints directors with mining, renewable energy experience.
• Exxon starts up new Beaumont, Texas, crude unit.
• ECB cuts through bank turmoil to keep rate hike pledge.
• Copper regains some ground after banking fears sparked sell-off.
• Gold prices hold firm as banking worries persist.
• Oil snaps declining streak as Saudi, Russia meeting calms markets.
• Anger as French government pushes through pension change without vote.

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