- ASX SPI 200 futures up 0.9% to 7,348.00
- Dow Average up 0.2% to 35,819.56
- Aussie down 0.4% to 0.7513 per US$
- U.S. 10-year yield fell 2.6bps to 1.5521%
- Australia 3-year bond yield rose 10bps to 1.22%
- Australia 10-year bond yield rose 24bps to 2.09%
- Gold spot down 0.9% to $1,783.38
- Brent futures little changed at $83.72/bbl
- 9am: (AU) Oct. Markit Australia PMI Mfg, prior 57.3
- 10am: (AU) Oct. CoreLogic House Px MoM, prior 1.5%
- 11am: (AU) Oct. Melbourne Institute Inflation, prior 2.7%
- 11am: (AU) Oct. Melbourne Institute Inflation, prior 0.3%
- 11:30am: (AU) Sept. Home Loans Value MoM, est. -2.0%, prior -4.3%
- 11:30am: (AU) Sept. Owner-Occupier Loan Value MoM, est. -4.2%, prior -6.6%
- 11:30am: (AU) Sept. Investor Loan Value MoM, est. -4.0%, prior 1.5%
- 11:30am: (AU) Oct. ANZ Job Advertisements MoM, prior -2.8%
- 4:30pm: (AU) Oct. Commodity Index SDR YoY, prior 37.4%
Asian stocks were poised to climb Monday as traders digested the outcome of Japan’s election and a rise in U.S. shares to a fresh all-time high. The dollar was mixed against major peers.
The S&P 500 and Nasdaq 100 indexes rallied to records on Friday, weathering disappointing results from some large technology companies on wider optimism about corporate earnings in the reopening from the pandemic.
Traders are awaiting key central bank meetings this week, headlined by the Federal Reserve. Short-term bond yields from Canada to Australia have jumped on concerns that elevated inflation will lead to tighter monetary policy. The Fed is expected to decide to scale back its massive bond-purchase program.
Recent fixed-income market upheavals suggest investors anticipate a slowdown in the recovery from the health crisis because price pressures are forcing central banks to pare back economic support. Global shares have so far shrugged off such risks and remain close to all-time peaks.
A banker has revealed the extreme lengths she goes through to help her retire by 30-years-old.
The woman, who goes by the name of Dumpster Diving Freegan on TikTok, posts videos of her rummaging through bins outside various stores within a five-mile radius of her house.
Since making dumpster diving videos online, the woman has been inundated with questions about whether she works and what her reasons are for going dumpster diving.
Now the young woman has revealed that she does in fact work in the finance industry and her reason for dumpster diving is so that she can reach early retirement by 30-years-old.
“There are a lot of assumptions made about dumpster divers, and when people think of what a dumpster diver is, they don’t think of a mid-twenties, white, blonde chick getting into dumpsters, that’s not the image that goes in their head.”
The woman goes on to explain why she dumpster dives when she seemingly has a well-paying job.
“I have a really extreme financial goal where I want to retire in my forties or even my thirties.
“I’m part of the FIRE movement which stands for Finacial Independence, Retire Early.
“It’s something I’m working towards, and dumpster diving has allowed me to speed up that progress significantly.