Markets Overview

  • ASX SPI 200 futures up 0.4% to 7,207.00
  • Dow Average up 0.3% to 34,415.05
  • Aussie down 0.2% to 0.7276 per US$
  • U.S. 10-year yield little changed at 1.5171%
  • Australia 3-year bond yield rose 4bps to 0.39%
  • Australia 10-year bond yield rose 10bps to 1.61%
  • Gold spot up 0.2% to $1,764.52
  • Brent futures down 2.1% to $80.82/bbl

Economic Events

  • 10:30am: (AU) Australia to Sell A$1 Billion 105-Day Bills
  • 10:30am: (AU) Australia to Sell A$1 Billion 196-Day Bills
  • 11:30am: (AU) Weekly Payroll Jobs and Wages in Australia (for Sept. 11)

Stocks whipsawed in heavy trading as Republicans were poised to offer Democrats a way to end the debt limit impasse.
The S&P 500 and Nasdaq 100 both gained, erasing earlier losses of more than 1%, after Senate Minority Leader Mitch McConnell said he planned to offer a short-term debt ceiling increase that would last into December.
The turbulence came as the benchmark S&P 500 has logged four straight days of 1% moves amid a growing list of concerns including the debt ceiling, inflation and surging energy prices. European equities also halved losses as natural gas prices — up as much as 40% at one point — turned lower after Russia’s President Vladimir Putin said the country is ready to help. The yield on the U.S. 10-year Treasury note was little changed as investors considered the U.S. economic outlook. ADP employment data beat analyst expectations ahead of Friday’s U.S. nonfarm payrolls, cementing predictions the Federal Reserve will taper stimulus next month. A strong U.S. jobs report could assuage worries about ongoing hiring challenges. However, the market remains volatile on concerns elevated inflation may persist longer than the central bank expects, especially in the face of an energy crunch this winter.

Other News

New footage of Demi Lovato’s UFO docuseries shows the musician singing their 2011 hit “Skyscraper” in an attempt to communicate with aliens.
Lovato has released a new documentary series, titled Unidentified, in which the singer explores the possibility of extraterrestrial life.
In a new clip from the Peacock series, the Disney alum is filmed in night-vision attempting to make contact with aliens.
“I feel like singing something emotional,” says Lovato before proceeding to sing the lyrics to their 2011 hit song “Skyscraper”.
After the 29-year-old stops singing, a device presumably meant to detect extraterrestrial activity makes a noise.
One of the other people in the room gestures to the device and jokes: “Standing ovation.”
Lovato shared the short video on Twitter accompanied by the caption: “What’s better than a standing ovation from ETs? I’ll wait…”
Fans have taken to Twitter to express their confusion at the clip, which has received more than 7,200 likes. “They can sing but I just feel cringe,” wrote one user. Another added: “They’re pretty but the cringe omg.” A third person wrote: “I have a lot of questions…”

Unidentified comprises four episodes that follow Lovato, their sister Dallas and their skeptical friend Matthew Scott Montgomery as they meet alleged alien abductees and investigate recent eyewitness accounts.The trio also look into secret government reports on the subject of UFOs and possible alien sightings.
Unidentified premiered on the US network Peacock on Thursday (30 September). Details of a UK release are yet to be announced.