Markets Overview
- ASX SPI 200 futures down 0.3% to 7,175.00
- Dow Average down 0.2% to 33,874.24
- FTSE 100 down 0.2% to 7,074.06
- Euro down 0.1% to $1.1926
- Aussie up 0.3% to 0.7575 per US$
- Kiwi up 0.3% to 0.7045 per US$
- U.S. 10-year yield rose 2.1bps to 1.4852%
- Australia 3-year bond yield fell 3bps to 0.44%
- Australia 10-year bond yield fell 3bps to 1.56%
- Gold spot little changed at $1,777.29
- Brent futures up 0.7% to $75.33/bbl
Economic Events
Asian stocks looked set to dip Thursday after U.S. shares moved in narrow ranges as traders digested commentary from Federal Reserve officials on the outlook for stimulus. Treasuries retreated. Equity futures fell in Japan and Australia and were little changed in Hong Kong. In the U.S., firms that benefit from economic reopening — such as retailers and financials — outperformed but overall the S&P 500 edged lower. A rally in Tesla Inc. helped the Nasdaq Composite eke out a record. U.S. stock futures inched up. Dallas Fed President Robert Kaplan, who’s pencilled in a rate hike next year, said the economy will likely meet the Fed’s threshold for tapering asset purchases sooner than people think. His Atlanta counterpart Raphael Bostic said the central bank could decide to slow such purchases in the next few months.
Other News
A herd of cows at least 34 cows ended up stampeding through a neighborhood in Los Angeles after somehow managing to escape from a slaughterhouse in the area. The incident occurred at approximately 8:35 p.m. on Tuesday, June 22, in Pico Rivera, California, when the Los Angeles County Sheriff’s Department responded to calls that several cows were in the area and reportedly running down streets, cutting through neighborhood yards and trampling bushes, according to ABC News’ Los Angeles station KABC. One person was injured in the city stamped and one cow was shot and killed by a deputy during the incident when Pico Rivera City Manager Steve Carmona said it appeared the cow was making a move to run over a baby, according to reports from KABC. It is believed the cows somehow managed to escape from a local slaughterhouse in the area but the investigation into how they managed to all escape at the same time is currently ongoing.
