Markets Overview

  • ASX SPI 200 futures little changed at 7,212.00
  • Dow Average up 0.7% to 34,433.84
  • Aussie little changed at 0.7579 per US$
  • U.S. 10-year yield rose 3.2bps to 1.5241%
  • Australia 3-year bond yield rose 3bps to 0.46%
  • Australia 10-year bond yield fell 0.1bps to 1.56%
  • Gold spot up 0.4% to $1,781.44
  • Brent futures up 0.8% to $76.18/bbl

Economic Events

  • 11am: (AU) Australia to Sell A$300 Million 1.75% 2051 Bonds

Asia stocks look set to trade cautiously at the open Monday as investors assess the pace of economic recovery.
Futures were little changed in Australia, Japan and Hong Kong. Australian shares will be closely watched after Sydney went into a two-week lockdown to stem a resurgence of Covid-19. U.S. futures were little changed. The S&P 500 had its best week since February, with financial and retail shares beating the technology giants that outperformed at the height of the pandemic. Treasuries retreated.

Other News

Documents containing classified information from the U.K. Ministry of Defence were found “in a soggy heap” by an anonymous person at a bus stop in Kent, the BBC reported on Sunday.
The “almost 50 pages” describe details of British military operations, including Royal Navy warship HMS Defender’s passage through Ukrainian waters off the Crimea coast last week, and the likely Russian reaction.
They also detail plans for a possible U.K. military presence in Afghanistan after the U.S.-led NATO operation there concludes.