- ASX SPI 200 futures up 0.6% to 7,384.00
- Dow Average up 0.5% to 35,432.41
- Aussie up 0.9% to 0.7475 per US$
- U.S. 10-year yield rose 3.8bps to 1.6390%
- Australia 3-year bond yield fell 2bps to 0.77%
- Australia 10-year bond yield fell 2bps to 1.73%
- Gold spot up 0.3% to $1,769.88
- Brent futures up 0.8% to $84.98/bbl
- 10:30am: (AU) Sept. Westpac Leading Index MoM, prior -0.27%
- 11am: (AU) Australia to Sell A$1.5 Billion 4.5% 2033 Bonds
U.S. equities extended a rally on Tuesday as solid corporate results helped counter concerns stemming from elevated inflation. The S&P 500 rose 0.7% as earnings at Travelers Cos. and Johnson & Johnson beat expectations while higher commodity and freight costs weighed on shares of Procter & Gamble Co. A fifth day of gains brings the benchmark index within half a percent of an all-time high as the market grapples with the prospect of tighter monetary policy amid rising prices. The dollar was weaker against major peers as traders raised bets central banks around the world will raise interest rates before the Federal Reserve. Meanwhile, global bond yields were mixed with the U.S. 10-year Treasury yield higher at 1.64%.
High-profile personal injury attorney Alexander Shunnarah is trying to cash in on the incident that resulted in the University of Tennessee being fined $250,000 for unruly fan behavior at last weekend’s game against Ole Miss. Shunnarah posted Monday on Twitter, offering Ole Miss football coach Lane Kiffin assistance for his “injuries” after multiple items were thrown from the stands in Knoxville during the fourth quarter of the Ole Miss versus Tennessee football game.
The tweet: “Have you or someone you love been a victim of thrown trash? (cough, cough @Lane_Kiffin)…CALL ME OLE MISS!”
Ole Miss was leading Tennessee 31-26 with 54 seconds remaining in the game when some fans began throwing objects from their seats, including water bottles, beer cans, a mustard bottle and even a golf ball.Ole Miss was forced to clear the sideline, Tennessee removed its cheerleaders and band and the game was halted for some 20 minutes.Kiffin was the head coach at Tennessee for one season, before deciding to leave for the same position at USC.