Latest / MPC Markets Morning Call
Oil Cools Dow Jumps as Earnings Deliver
Oil spiked then faded and the Dow pushed higher overnight as US earnings did the heavy lifting. Mark Gardner covers the overnight session and the ASX open.
Brent topped US$110 intraday on fresh Hormuz tanker attacks before settling ~1% lower. US pending home sales fell 7.3% — the worst since 2001. On earnings: GE sold off on a soft outlook with money rotating into healthcare and financials; Netflix –5%, Supermicro +12%, Intuitive Surgical –11%, Capital One +5%, with United and GM lower. SpaceX posted US$14.6bn revenue (up 161%) on AI and Starlink. Meta and Tesla report tomorrow. Chinese AI…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.