Select the account you'd like to open

Amazon.com set to rewrite history on futures trade indication

online shopping written on a brown box on a computer keyboard

The S&P/ASX 200 closed up 1.6% for the week with a gain of 18 points, or 0.3%, to 7096.10 on Friday as US futures rise.

The e-commerce giant Amazon.com is poised to add nearly $US200bn in market value if the stock’s 14% gain in after-hours trading following the company’s fourth-quarter earnings report holds to Friday’s close, reports Bloomberg. That what would be the biggest single-day gain in US stock market history coming just a day after Facebook parent Meta Platforms entered the other end of the record book with a $US251bn wipe-out.

Hong Kong’s Hang Seng jumped 2%, Japan’s markets are higher, while China’s indices remain closed for the Lunar New Year holiday.

Gold is heading for a weekly gain ahead of the US non-farm payrolls data on Friday, while WTI crude oil moved above $US91 a barrel and Brent was above $US92 on continued supply concerns and the Ukraine-Russia situation.

Australia’s Reserve Bank said in its Statement on Monetary Policy that inflation was likely to breach 3% for the first time since 2010.

The Aussie dollar is at US71.49c against the US dollar.

Bitcoin is at $US37,284.

Gold is at $US1807.22 an ounce.

Brent crude oil is trading around $US92.14 a barrel.

WTI crude oil is at $US91.22 a barrel.

Disclaimer: CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.

Sign up for market update emails