Pre-Market Report – Tuesday 14 May: BHP Gets Rejected Again | Budget in Focus

Market Updates

The 30-stock Dow posted its first losing session in nine at the end of Monday’s regular trading session, snapping what had been its longest daily win streak since December. The S&P 500 inched lower by 0.02%. The Nasdaq Composite was the outperformer, rising roughly 0.3%.

• S&P 500 barely changes as investors hold tight ahead of inflation data.
• Fed to cut rates in September, say nearly two-thirds of economists.
• Israeli forces press Gaza offensive from north and south.
• ASX to slip, S&P 500 dips as CPI awaited – AFR.
• Australia sees second straight budget surplus, inflation easing sharply.
• NY Fed survey finds general expectations of higher inflation.

ASX set to open slightly lower. SPI futures down 8 points.
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