Overnight headlines
Iron ore is expected to continue its upward trend beyond the $US100 per tonne mark as Australian shares are expected to open higher on expectations that China would continue to relax its zero-COVID policy.
ASX futures up by 19 points (0.26%) to 7334.
The local currency barely changed while the Bloomberg dollar spot index fell below US68.
Bitcoin was up 0.8% to $US17,112 on bitstamp.net.
The US 10-year note’s yield decreased 2 basis points to 3.49 percent.
The S&P 500 and the Nasdaq both declined to close their week, although the Dow managed to teeter upward on Wall Street. The mixed trading followed the November jobs report, which revealed that despite numerous interest rate increases, the US labour market is still solid.
Market movements
- Down 0.3% to 67.90 US cents in AUD
- Dow +0.1% on Wall Street S&P -0.1% -0.2% Nasdaq
- Stoxx 50 in Europe fell by 0.2% FTSE -0.03% CAC -0.2% DAX +0.3%
- Spot gold fell by 0.3% to US$1797.79/oz;
- Brent crude fell by 1.2% to US$85.86/barrel;
- Iron ore rose by 4.1% to US$107.30/ton;
- 10-year yields were US$3.49%. 3.39% Australia Europe 1.85%
Today’s agenda
Local: ANZ job advertisements in November, MI inflation in November, and third-quarter business indicators
Overseas data: China’s Caixin, the Eurozone’s Markit, the United Kingdom’s Markit, and the United States’ ISM’s November services PMIs; the Eurozone’s October retail sales; and the US’s October factory orders and durable goods orders
#FortunePrimeGlobal# #forextrading# #ForexCFDs#
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