- ASX SPI 200 futures down 0.3% to 7,316.00
- Dow Average down 0.2% to 35,058.52
- Aussie down 0.3% to 0.7363 per US$
- U.S. 10-year yield fell 5.4bps to 1.2361%
- Australia 3-year bond yield little changed at 0.26%
- Australia 10-year bond yield rose 3bps to 1.21%
- Gold spot up 0.1% to $1,800.27
- Brent futures up 0.3% to $74.69/bbl
- 11:30am: (AU) 2Q CPI Trimmed Mean QoQ, est. 0.5%, prior 0.3%
- 11:30am: (AU) 2Q CPI Trimmed Mean YoY, est. 1.6%, prior 1.1%
- 11:30am: (AU) 2Q CPI Weighted Median QoQ, est. 0.5%, prior 0.4%
- 11:30am: (AU) 2Q CPI Weighted Median YoY, est. 1.7%, prior 1.3%
- 11:30am: (AU) 2Q CPI QoQ, est. 0.7%, prior 0.6%
- 11:30am: (AU) 2Q CPI YoY, est. 3.7%, prior 1.1%
Most Asian stocks looked set to retreat Wednesday after Wall Street snapped a winning run as a rout in China spurred caution and traders evaluated megacap technology earnings. Treasuries rallied.
Equity futures fell in Japan and Australia but rose in Hong Kong, where stocks have plunged on a regulatory crackdown that’s forcing investors to ask how far Beijing will go to curb the power of its big companies. Chinese shares in the U.S. have succumbed to a record drop and the offshore yuan has weakened.
Treasuries were boosted by the flight-to-quality sparked by the China selloff and a solid 5-year auction. A gauge of the dollar retreated for a second day in U.S. hours.
From falcon-wing doors to in-car games, Tesla cars are known for their impressive, futuristic features.
But it seems that one of Tesla’s most popular features, Autopilot, is struggling to cope with a fairly basic obstacle – the moon.
Tesla cars come standard with advanced hardware capable of providing Autopilot, enabling the vehicle to steer, accelerate and brake automatically within its lane.
However, one frustrated Tesla driver has revealed that the Autopilot system in his Tesla has been mistaking the moon for an amber traffic light, and has been slowing the car down in response. While Autopilot is designed to assist drivers with their driving, Tesla maintains that the system does not make its cars autonomous. It explained: ‘Autopilot enables your car to steer, accelerate and brake automatically within its lane.
‘Current Autopilot features require active driver supervision and do not make the vehicle autonomous.’