Markets Overview

  • ASX SPI 200 futures up 0.8% to 7,218.00
  • Dow Average up 1.6% to 34,511.99
  • Aussie down 0.2% to 0.7331 per US$
  • U.S. 10-year yield rose 3.1bps to 1.2202%
  • Australia 3-year bond yield fell 4bps to 0.24%
  • Australia 10-year bond yield fell 7bps to 1.18%
  • Gold spot down 0.1% to $1,810.32
  • Brent futures up 0.9% to $69.23/bbl

Economic Events

  • 10:30am: (AU) June Westpac Leading Index MoM, prior -0.06%
  • 11am: (AU) Australia to Sell A$800 Million 1% 2030 Bonds
  • 11:30am: (AU) June Retail Sales MoM, est. -0.7%, prior 0.4%

Dip buyers emerged a day after a tumultuous trading session, driving U.S. stocks to their biggest advance since March.
The S&P 500 almost erased its Monday’s slide as traders shrugged off concern that the coronavirus resurgence would curtail the economic recovery. Cyclical companies, which got pummeled during the selloff, were the ones leading gains on Tuesday. A gauge of small caps climbed 3%. For several investors, the recent rout was just another buying opportunity in an environment of solid corporate earnings, government stimulus and ultra-easy monetary policy.

Other News

Every prospective bride and groom wants their wedding day to be perfect. After all, it is supposed to be “the best day of your life”.
However, whilst sharing the occasion with loved ones is enough for most people, some people need to go that extra mile to ensure everything is just so.
That’s why one couple apparently asked their wedding planner to send guests a detailed list of “rules and regulations” for their special day.
Some of the stipulations were relatively reasonable – “don’t wear white, cream or ivory” – but others were jaw-droppingly extreme.
“DO NOT TALK TO THE BRIDE AT ALL,” was written in capital letters to stress this point’s importance, and dress code instructions extended as far as how much makeup each attendee could wear. They were also told they would not be admitted unless they brought a gift worth at least $75 (£54).
The email containing the demands was shared to Reddit on Wednesday, racking up more than 33,400 likes in just 24 hours.