Markets Overview
- ASX SPI 200 futures up 0.9% to 7,293.00
- Dow Average up 0.8% to 34,798.00
- Aussie up 0.4% to 0.7356 per US$
- U.S. 10-year yield rose 7.0bps to 1.2934%
- Australia 3-year bond yield fell 1bp to 0.23%
- Australia 10-year bond yield fell 2bps to 1.16%
- Gold spot down 0.4% to $1,804.00
- Brent futures up 4.1% to $72.20/bbl
Economic Events
- 10:30am: (AU) Australia to Sell A$1.5 Billion 91-Day Bills
- 10:30am: (AU) Australia to Sell A$500 Million 182-Day Bills
- 11:30am: (AU) 2Q NAB Business Confidence, prior 17
- 11:30am: (AU) ABS Australia Preliminary June Merchandise Trade
- 11:30am: (AU) Weekly Payroll Jobs and Wages in Australia (for July 3)
Other News
The country hoping to next adopt the euro, Croatia, will stamp its coins with its national symbol, the animal its soon-to-be-abandoned currency is named after and one of the world’s greatest inventors if it’s allowed to make the switch.
Croatia’s central bank said on Wednesday that the prospective coins will feature the checkerboard pattern that, found on Croatia’s coat of arms, is considered one of the oldest national symbols in Europe.
They’ll also have images of a kuna, or weasel in the Croat language, that the country’s currency is now named, and Nikola Tesla, the inventor who was born in the present-day Croatian town of Smiljan.
The newest European Union member hopes to join the euro area in 2023, but first it must must get a green light from the European Commission and member states that share the euro.
