Pre-Market Report – Wednesday 18 December: Dow falls 9 days straight | Fed in focus

Market Updates

The Dow Jones Industrial Average fell for its first nine-day losing streak since the 1978. The 30-stock average shed 347 points, or 0.7%. The S&P 500 lost 0.5% , while the Nasdaq Composite ticked down 0.5%.
ASX SPI down 14. Waiting for Fed - NAB AGM today.
Commodities

• LME Copper prices fell to a two-week low, down 0.81%. Aluminium dropped 1% touching a one-month low over surplus concerns.
• Iron ore ended 0.24% lower in a range-bound trading session as markets weighed slowed shipments and weak demand from China.
• Gold dropped 0.30% pressured by a stronger USD ahead of the Fed’s rate decision tomorrow.
• Lithium off 0.14%. Saudi Arabia plans a pilot program to extract lithium from Aramco's oilfield brine. Lithium Infinity will lead the project with Ma'aden and Aramco, Vice Minister Khalid al-Mudaifer announced.
• WTI eased 1.0% on demand worries following negative economic releases from Germany and China.

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