Australian shares are set to open down as Wall St suffered mixed fortunes with inflation and the Fed still weighing heavily on investors.
On bitstamp.net, bitcoin was -0.6% to $US16,602In New York: BHP -0.1% Rio -0.2% Atlassian -4.1%Spot gold -0.2% to $US1,789.22 /oz at pm in New York10-year yield: US 3.59% Australia 3.53% Germany 2.20%Millions of Twitter users asked Elon Musk to step down as head of Twitter in a poll on the platform that the billionaire had created and promised to abide by.P 500 fell and the tech-heavy Nasdaq 100’s losses surpassed 1 per cent.
Energy firms and miners added 2.9 per cent and 0.7 per cent, respectively, tracking upbeat oil and copper prices higher as loosening COVID curbs in top-consumer China aided demand recovery hopes.“It’s a relief that with Christmas approaching, the worst of the bad news is over for now and that we are not going to get any more bad vibes from central banks,” said Stuart Cole, head macro economist at Equiti Capital.
Yields on 10-year gilts jumped as much as 16 basis points to 3.48 per cent on Monday, the highest since early November. Yields on the debt have fallen only once in the past eight sessions. Managers of domestic mutual funds and wealth management products offloaded 1.3 trillion yuan of bonds from the interbank market last month, the most on record, according Bloomberg calculations based on Chinabond and Shanghai Clearing House data going back to 2017.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX LIVE: Australian shares to fall amid relentless focus on inflationAustralian shares are poised to open lower, following overseas losses as policymakers dismiss market expectations that a pivot is near. Follow updates here.
Read more »
ASX LIVE: Australian shares to fall; Newcrest CEO Sandeep Biswas retiresAustralian shares to open lower; Newcrest CEO Sandeep Biswas retires; Perenti upgrades guidance; APA appoints Adam Watson to CEO; Sezzle profitable in November. Follow updates here.
Read more »
ASX to open lower with Wall Street on track for year-end lossesAustralian shares are set to open down as Wall St suffered mixed fortunes with inflation and the Fed still weighing heavily on investors.
Read more »
ASX to slip as policymakers focus on inflationAustralian shares are set to open lower, following further overseas selling. The interest rate peak is proving elusive. Crypto markets are unsettled.
Read more »
ASX to slip as policymakers focus on inflationAustralian shares are set to open lower, following further overseas selling. The interest rate peak is proving elusive. Crypto markets are unsettled.
Read more »
Star shares crash on NSW tax; ASX falls 0.2pcThe S&P/ASX 200 Index fell 0.2 per cent to 7133.9 points. The Star plunged 18 per cent to $2.12 and Warrego jumped 6.7 per cent to 32¢.
Read more »