Markets Overview
- ASX SPI 200 futures down 0.2% to 7,281.00
- Dow Average little changed at 34,823.35
- Aussie up 0.3% to 0.7381 per US$
- U.S. 10-year yield fell 2.3bps to 1.2666%
- Australia 3-year bond yield rose 3bps to 0.25%
- Australia 10-year bond yield rose 3bps to 1.19%
- Gold spot up 0.2% to $1,806.91
- Brent futures up 1.9% to $73.62/bbl
Economic Events
- 9am: (AU) July Markit Australia PMI Services, prior 56.8
- 9am: (AU) July Markit Australia PMI Composite, prior 56.7
- 9am: (AU) July Markit Australia PMI Mfg, prior 58.6
- 11am: (AU) Australia to Sell A$700 Million 4.25% 2026 Bonds
Other News
A Michigan man working on a home improvement project made shocking discovery when he unearthed some 160 bowling balls from his property earlier this month. David Olson, 33, found the balls buried in the ground on July 1 as he was demolishing the back steps of his Norton Shores home — but at first was unaware of just how many he would find. “I was kind of assuming maybe there were just a couple in there just to fill in,” he told the Detroit Free Press. “The deeper I got into it, the more I realized it was just basically an entire gridwork of them making up the weight in there,” he told the newspaper. The balls were made by Brunswick Bowling Products, a company that had a plant in the nearby city of Muskegon, according to the report. Olson said some former workers at the company reached out via Facebook and told him plant employees used to bring home the throwaway balls to use as foundation for construction projects. The homeowner said he plans to use the balls for a variety of different projects. He donated eight balls to a church for their bowling ball cannon, and also plans to keep some spare balls for himself, possibly using them to make sculptures or as landscaping perimeters. Olson also intends to give some to his stepdad, who wants to outfit them as furniture legs.
