Markets Overview
- ASX SPI 200 futures little changed at 7,287.00
- Dow Average down 0.4% to 34,630.24
- Aussie up 0.2% to 0.7757 per US$
- U.S. 10-year yield rose 1.4bps to 1.5687%
- Australia 3-year bond yield fell 2bps to 0.29%
- Australia 10-year bond yield fell 5bps to 1.64%
- Gold spot up 0.4% to $1,899.23
- Brent futures down 0.6% to $71.47/bbl
Economic Events
- 9:30am: (AU) June ANZ Roy Morgan Weekly Consumer, prior 111.4
- 11:30am: (AU) May NAB Business Confidence, prior 26
- 11:30am: (AU) May NAB Business Conditions, prior 32
- 11am: (AU) Australia to Sell A$150 Million 2.5% 2030 Bonds
- S&P 500 ends little changed; Nasdaq 100 up on biotech rally
- U.S. CPI next focus for traders as inflation worries linger
Other News
Fascinating or terrifying times are approaching in several U.S. states, depending on how much you like bugs. Brood X cicadas are about to emerge from the ground. In case you don’t know what we’re talking about, Brood X is a brood of periodical cicadas in America. These bugs spend 17 years in the ground as nymphs before they emerge as adults to mate. There are a total of 15 cicada broods in eastern U.S. Out of all of them, Brood X is by far the largest. That means that billions upon billions of cicadas are about to take flight and blacken the skies. But what these insects don’t realize is that their butts – and they themselves – are in mortal danger. Allow us to introduce Massospora cicadina.
