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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 |
