Australian futures were down 11 points after the S&P 500 slid by more than 0.1%.
Debt ceiling negotiations continue to be the focus as the US negotiates to avoid defaulting on its debt.
According to Bloomberg, a "catastrophic default" could come as soon as June 1, while Treasury secretary Janet Yellen was quoted as saying the chances the US could pay its bills by mid-June was "quite low".
Gold rose on Friday to US$1981.60 an ounce. Palladium was the big mover in the precious metals space, jumping by more than 5%.
Base metals rose, with lead leading the charge with a 2.1% gain.
The MySteel 62% Australian iron ore fines price was down 1.4% to $107.75 per tonne.
Updated: 22-05-2023
LME Indicative | Current Price ($US) | Change ($US) | Change % | Previous | |
---|---|---|---|---|---|
Copper - Cash | 8201 | 72.52 | 0.89 | 8128.48 | |
Copper - 3Mth | 8251.5 | 79 | 0.97 | 8172.5 | |
Lead - Cash | 2104.61 | 43.36 | 2.1 | 2061.25 | |
Lead - 3Mth | 2093.5 | 38 | 1.85 | 2055.5 | |
Zinc - Cash | 2476.5 | 26.5 | 1.08 | 2450 | |
Zinc - 3Mth | 2479 | 20 | 0.81 | 2459 | |
Nickel - Cash | 21171 | 358.75 | 1.72 | 20812.25 | |
Nickel - 3Mth | 21278 | 344 | 1.64 | 20934 | |
Tin - Cash | 25651 | 404 | 1.6 | 25247 | |
Tin - 3Mth | 25451 | 437 | 1.75 | 25014 | |
Aluminium - Cash | 2290 | -1.75 | -0.08 | 2291.75 | |
Aluminium - 3Mth | 2283.5 | 0 | 0 | 2283.5 |
Comex | Current Price ($US) | Change ($US) | Change % | Previous | |
---|---|---|---|---|---|
Gold - Jun 23 | 1981.6 | 21.8 | 1.11 | 1959.8 | |
Silver - Jul 23 | 24.06 | 0.43 | 1.81 | 23.63 | |
Copper - Jul 23 | 373.2 | 4.25 | 1.15 | 368.95 |
Nymex | Current Price ($US) | Change ($US) | Change % | Previous | |
---|---|---|---|---|---|
Platinum - Jul 23 | 1075.7 | 17.5 | 1.65 | 1058.2 | |
Palladium - Jun 23 | 1523.8 | 73.6 | 5.08 | 1450.2 |
MB Iron Ore | Current Price ($US) | Current ($US) | Change % | Previous | |
---|---|---|---|---|---|
62% Fines CFR | 107.75 | -1.5 | -1.37 | 109.25 | |
58% Fines CFR | 91.26 | -0.34 | -0.37 | 91.6 |
Energy | Current Price ($US) | Current ($US) | Change % | Previous | |
---|---|---|---|---|---|
WTI | 71.55 | -0.31 | -0.43 | 71.86 | |
U308 Spot | 53.4 | 0 | 0 | 53.4 |
Currencies | Current Price ($US) | Current ($US) | Change % | Previous | |
---|---|---|---|---|---|
$A/$US | 0.66 | 0 | -0.05 | 0.67 | |
STG / $US | 1.25 | 0 | 0.06 | 1.24 | |
Euro / $US | 1.08 | 0 | 0.06 | 1.08 | |
Euro / $A | 1.63 | 0 | -0.1 | 1.62 |
Indices | Current Price ($US) | Current ($US) | Change % | Previous | |
---|---|---|---|---|---|
Dow Jones | 33426.63 | -109.28 | -0.33 | 33535.91 | |
NASDAQ | 12657.9 | -30.94 | -0.24 | 12688.84 | |
S&P 500 | 4191.98 | -6.07 | -0.14 | 4198.05 | |
FTSE 100 | 7756.87 | 14.57 | 0.19 | 7742.3 | |
Nikkei 225 | 30808.35 | 234.42 | 0.77 | 30573.93 |