- ASX SPI 200 futures down 0.1% to 7,380.00
- Dow Average down 0.3% to 34,299.33
- Aussie down 0.3% to 0.7686 per US$
- U.S. 10-year yield little changed at 1.4905%
- Australia 3-year bond yield fell 0.1bps to 0.25%
- Australia 10-year bond yield rose 1bp to 1.50%
- Gold spot down 0.4% to $1,859.04
- Brent futures up 1.8% to $74.14/bbl
Asian stocks looked set to slip Wednesday after their U.S. peers retreated from alltime highs amid mixed economic data and a two-day Federal Reserve meeting. Crude oil traded at the highest level since 2018. Futures pointed lower in Japan, Australia and Hong Kong. U.S. futures were little changed in early Asia trading. Earlier, the technology and real estate sectors weighed on the S&P 500, which snapped a three-session winning streak. The 10-year Treasury yield lingered near 1.5% for most of the day after Commerce Department figures showed retail sales declined in May.
A wildlife official on the lookout for sea turtle nests accidentally stumbled upon about $1.2 million worth of cocaine instead. It washed up on the beach at Cape Canaveral Space Force Station. Defenders from the 45th Security Forces Squadron seized the nearly 30 kilograms of cocaine after it was found on May 19, according to a recent press release. Angy Chambers, 45th Civil Engineer Squadron wildlife manager, was performing a sea turtle nesting survey when she spotted a small package wrapped in plastic and tape — and then she kept finding more of them. Officials suspected the packages contained drugs, and began search and closure protocols on all beaches.