US equities finished mixed overnight for the first trading day of the second quarter. S&P 500 climbed higher supported by energy stocks following OPEC+ groups oil output targets. Dow closed near highs after a midday slump and Nasdaq fell on concerns about the impact the OPEC+ cut could have on inflation and the Fed’s monetary policy. Treasurys rose on news US factory activity contracted, tempering some inflation concerns fuelled by OPEC+ plan to cut oil. Dow Jones up 327 points (+0.98%). Dow up 359 at best, and down 28 at worst. S&P 500 up 0.37%. NASDAQ down 0.27%. VIX Volatility Index down 0.8%. In Europe, STOXX 50 -0.1% FTSE +0.5% CAC +0.3% DAX -0.3%. SPI Futures are up 4 points (+0.06%).

• ASX to edge up, oil surges, RBA rate call awaited at 2.30pm.
• S&P 500 ends higher as oil stocks rally; Tesla tumbles.
• Oil prices up sharply after output cuts; stocks mixed.
• Tesla shares slip as margin worries overshadow record deliveries.
• Global central banks keep up inflation fight in March.
• US manufacturing near three-year low; casts a shadow over economy.
• Global factory activity weakens as demand falters.
• OPEC+ cuts put $100/bbl oil back in sight.
• Oil leaps 6% as OPEC+ shocks markets by cutting output target.
• Copper falls after oil price surge, weak Chinese factory data.
• Gold rallies on dollar retreat as markets grapple with OPEC surprise.
• Italy's ChatGPT ban attracts EU privacy regulators.
• Trump arrives in New York for surrender, opposes TV court coverage.

Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.

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