ASX 200 to rise, S&P 500 lower as tech stocks ease, Copper soars to 11-month high

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ASX 200 futures are trading 22 points higher, up 0.28% as of 8:30 am AEDT. Source: Market Index S&P 500 SESSION CHART S&P 500 lower but off worst levels (Source: TradingView) ASX ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 to rise, S&P 500 lower as tech stocks ease, Copper soars to 11-month high\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-14 06:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-to-rise-s-p-500-lower-as-tech-stocks-ease-copper-soars-to-11-month-high><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX 200 futures are trading 22 points higher, up 0.28% as of 8:30 am AEDT.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 lower but off worst levels (Source: TradingView)\nASX ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-to-rise-s-p-500-lower-as-tech-stocks-ease-copper-soars-to-11-month-high\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7035","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-to-rise-s-p-500-lower-as-tech-stocks-ease-copper-soars-to-11-month-high","article_id":"2419666728","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-to-rise-s-p-500-lower-as-tech-stocks-ease-copper-soars-to-11-month-high","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2419666728","pubTimestamp":1710369670,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"ASX 200 futures are trading 22 points higher, up 0.28% as of 8:30 am AEDT.ASX 200 set to rise for a third consecutive session, led by resource-related stocks. WAM loads up on Cettire, likening the ‘noise’ to Afterpay . Westpac actively looking to replace CEO Peter King by year end . Australian government to underwrite close to $1.1bn in loans and grants to support rare earths and lithium . Centaurus Metals reinstated Speculative Buy with $0.80 target . Liontown upgraded to Neutral from Underweight and target increased to $1.35 from $0.90 . ANZ downgraded to Underperform from Neutral but target increased to $27 from $25. NAB downgraded to Underperform from Neutral but target increased to $32.50 from $30. S&P 500 eased slightly following another record close in the previous session . Oil prices up around 3% to a 4-month high as US crude stocks drop, Russian refinery attacks . Investors see US stock market due for a pullback, a lot of good news priced-in . Fed likely to hold until June, w","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7035":"电影和娱乐","BK7055":"建筑与工程","BRG":"Bluerock Residential Growth REIT Inc","TPG.AU":"TPG TELECOM LTD","EMB":"新兴市场美元债ETF-iShares","EVT":"Eaton Vance Tax-Advantaged Divid","REG.AU":"REGIS HEALTHCARE LTD","SXL":"Sunoco Logistics Partners L.P.","BK7051":"机动车零配件与设备","BK4231":"零售房地产信托","ING.AU":"INGHAMS GROUP LTD","BK7052":"广播","SHM.AU":"SHRIRO HOLDINGS LTD","EVT.AU":"EVT Ltd","AIS.AU":"AERIS RESOURCES LTD","BK4233":"房地产运营公司","PWH.AU":"PWR HOLDINGS LTD","BK7050":"调查和咨询服务","RMD.AU":"Resmed DRC","WDS.AU":"WOODSIDE ENERGY GROUP LTD","EBG.AU":"EUMUNDI GROUP LTD","TPG":"TPG, Inc.","ANN.AU":"ANSELL LTD","BK4548":"巴美列捷福持仓","SRG.AU":"SRG GLOBAL LTD","29M.AU":"29Metals Ltd","REG":"Regency Centers Corp","BRG.AU":"BREVILLE GROUP LTD","FT":"富兰克林通用信托","ING":"荷兰国际","BK4082":"医疗保健设备","EMB.AU":"EMBELTON LIMITED","BK7143":"汽车零售","APA":"阿帕契","APE.AU":"Eagers Automotive Ltd","BFG.AU":"BELL FINANCIAL GROUP LTD","APA.AU":"APA GROUP","SPY":"标普500ETF","AFR.AU":"African Energy Resources Ltd","SFR.AU":"SANDFIRE RESOURCES LTD","SXL.AU":"SOUTHERN CROSS MEDIA GROUP L","SHM":"SPDR Nuveen Barclays Short ter","APE":"AMC Entertainment Preferred","SRG":"Seritage Growth Properties","ANG.AU":"AUSTIN ENGINEERING LTD","BK4080":"零售业房地产投资信托",".SPX":"S&P 500 Index","CUP.AU":"Count Ltd","BK7113":"保健护理机构","RMD":"瑞思迈"},"translate_title":"ASX 200指数上涨，标普500走低，科技股走软，铜价飙升至11个月高点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RMD.AU":1,"EBG.AU":1,"EMB":1,"EMB.AU":1,"EVT":1,"EVT.AU":1,"FT":1,"ING":1,"ING.AU":1,"PWH.AU":1,"REG":1,"REG.AU":1,"RMD":1,"CUP.AU":1,"SFR.AU":1,"SHM":1,"SHM.AU":1,"SPY":1,"SRG":1,"SRG.AU":1,"SXL":1,"SXL.AU":1,"TPG":1,"TPG.AU":1,"WDS.AU":1,"BRG.AU":1,"29M.AU":1,"AFR.AU":1,"AIS.AU":1,"ANG.AU":1,"ANN.AU":1,"APA":1,"APA.AU":1,"APE":1,"APE.AU":1,"BFG.AU":1,"BRG":1,".SPX":1},"content_text":"ASX 200 futures are trading 22 points higher, up 0.28% as of 8:30 am AEDT.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 lower but off worst levels (Source: TradingView)\nASX TODAY\n\n\nASX 200 set to rise for a third consecutive session, led by resource-related stocks\n\nInnodata withdraws bid to acquire Appen (Investing.com)\n\nWAM loads up on Cettire, likening the ‘noise’ to Afterpay (AFR)\n\nWestpac actively looking to replace CEO Peter King by year end (The Australian)\n\nAustralian government to underwrite close to $1.1bn in loans and grants to support rare earths and lithium (The Australian)\n\nBROKER MOVES\n\n\nCentaurus Metals reinstated Speculative Buy with $0.80 target (Canaccord)\n\nLiontown downgraded to Hold from Speculative Buy but target increased to $1.30 from $1.10 (Canaccord)\n\nLiontown upgraded to Neutral from Underweight and target increased to $1.35 from $0.90 (Barrenjoey)\n\nLynas Rare Earths initiated Underweight with $5.00 target (Morgan Stanley)\n\nMacquarie downgraded three big four banks \n\n\nANZ downgraded to Underperform from Neutral but target increased to $27 from $25\n\nNAB downgraded to Underperform from Neutral but target increased to $32.50 from $30\n\nWestpac downgraded to Underperform from Outperform but target increased to $26 to $25\n\nCBA retained Underperform but target increased to $95 from $88\n\n\n\nMARKETS\n\n\nMajor US benchmarks finished mixed overnight but mostly off worst levels\n\nS&P 500 eased slightly following another record close in the previous session (the 17th so far this year)\n\nBig tech was mostly lower, led by Tesla (-4.5%), Apple (-1.2%) and Nvidia (-1.1%) \n\nTreasury yields were higher across the curve, most are on a three-day win streak\n\nNo major narrative changes following slightly hotter-than-expected CPI print –  Broader disinflation trend still intact, markets still pricing in ~85 bps of rate cuts this year and analysts continue to push back against bubble talk\n\nCopper prices soar to highest level since April 2023 (Reuters)\n\nOil prices up around 3% to a 4-month high as US crude stocks drop, Russian refinery attacks (Reuters)\n\nInvestors see US stock market due for a pullback, a lot of good news priced-in (Reuters)\n\nINTERNATIONAL STOCKS\n\n\nStripe's total payment volumes surpassed US$1tn in 2023 up 25% year-on-year (CNBC)\n\nToyota agrees to give factory workers biggest pay bump in 25 years (Reuters)\n\nVolkswagen considering partnership to produce cheaper EVs to compete with low-cost Chinese rivals (FT)\n\nTesla shares slide after Wells Fargo downgraded the EV maker, noting “risk to volume as price cuts are having a diminishing impact” (CNBC)\n\nCENTRAL BANKS\n\n\nFed likely to hold until June, with rate-cut pace in focus (Reuters)\n\nWells Fargo joins other mega banks and changes first rate cut projection to June (Reuters)\n\nBOJ's Ueda says wage negotiations critical in deciding when to phase out its big stimulus program (Reuters)\n\nECB's Villeroy notes of broad agreement to cut rates in spring (Bloomberg)\n\nBoE Chief Bailey argues central banks need to consider how long to keep higher for longer (Reuters)\n\nGEOPOLITICS\n\n\nPutin says Russia is ready to use nuclear weapons if Russian sovereignty is threatened (Reuters)\n\nUkraine continues second day of assault on Russian energy infrastructure (FT)\n\nIsraeli parliament approved 2024 budget with defense spending at all-time high (Bloomberg)\n\nHouse Republicans vow to proceed with vote to ban TikTok (Reuters)\n\nUS reportedly preparing $400m weapons package for Ukraine despite blockage in Congress (Reuters)\n\nECONOMY\n\nUK economic growth rebounds in January after falling into a technical recession second half of 2023 (Bloomberg)\n\n\n\n\n\n\n\n\n\n\n\nUS-listed sector ETFs (Source: Market Index)\nResources Are In For A Good Time\nSolid overnight session for all-things materials and energy. We'll go through some of the key movers below.\nCopper: Copper prices rallied 3.2%, breaking above the key US$4.0 level to levels not seen since April 2023. Top Chinese copper smelters jointly agreed to production cuts at some loss-making plants to cope with a shortage of the raw material, according to Reuters. The agreement comes as fees to process copper concentrate have dropped to their lowest in more than a decade. The Global X Copper Miners ETF opened 2.3% higher overnight and finished the session up 6.0%. This should drive a strong response for local copper names (not that we have many left). A few notable names to watch include Sandfire Resources (ASX: SFR), 29Metals (ASX: 29M) and Aeris Resources (ASX: AIS).\nGold: Most large cap gold names finished 2-3% lower on Wednesday after gold prices snapped a 9-day win streak. Gold prices bounced overnight, recouping most of Wednesday's pullback. The VanEck Gold Miners ETF opened 0.7% higher and finished the session up 2.4% – Marking the highest close since 2 January.\nEnergy: Oil prices are pushing four-month highs after US Energy Information Administration reported an unexpected 5.5 million barrel draw in gasoline inventories for the week ending 8 March. This was well-above consensus expectations of a 1.9 million barrel draw. Likewise, oil inventories experienced a 1.5 million barrel draw vs. expectations of a 1.3 million barrel increase. The drawdowns reflect an extended winter break for local refiners and some near-term tightness in US oil markets. Interestingly, Woodside (ASX: WDS) looks like it was going to fall off a cliff – Briefly touching $28.64 on Wednesday or the lowest since May 2022.\n\n\n\n\n\n\n\n\n\nWoodside daily price chart (Source: TradingView)\nKEY EVENTS\nASX corporate actions occurring today:\n\n\nTrading ex-div: SRG Global (SRG) – $0.02, TPG Telecom (TPG) – $0.09, Regis Healthcare (REG) – $0.063, PWR Holdings (PWH) – $0.048, Eagers Automotive (APE) – $0.50, Southern Cross Media (SXL) – $0.01, Breville Group (BRG) – $0.16, Shriro (SHM) – $0.02, Austin Engineering (ANG) – $0.004, Embelton (EMB) – $0.15, Inghams (ING) – $0.12\n\nDividends paid: Eumundi (EBG) – $0.035, Resmed (RMD) – $0.048, Bell Financial Group (BFG) – $0.04, APA Group (APA) – $0.265, Count (CUP) – $0.015, EVT (EVT) – $0.14, Ansell (ANN) – $0.252\n\nListing: None\n\nEconomic calendar (AEDT):\n\n\n11:30 pm : US Producer Price Index (Feb)\n\n11:30 pm: US Retail Sales (Feb)\n\nThis Morning Wrap was written by Kerry Sun. \n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419666728"}