Markets Overview

  • ASX SPI 200 futures down 0.2% to 7,394.00
  • Dow Average down 0.7% to 36,063.69
  • Aussie down 0.6% to 0.7336 per US$
  • U.S. 10-year yield rose 11.3bps to 1.5493%
  • Australia 3-year bond yield rose 1bp to 0.89%
  • Australia 10-year bond yield fell 5bps to 1.73%
  • Gold spot up 0.8% to $1,847.39
  • Brent futures down 2.8% to $82.41/bbl

Economic Events

  • 10:30am: (AU) Australia to Sell A$1 Billion 91-Day Bills
  • 10:30am: (AU) Australia to Sell A$1 Billion 161-Day Bills
  • 11am: (AU) Nov. Consumer Inflation Expectation, prior 3.6%
  • 11:30am: (AU) Oct. Part Time Employment Change, prior -164,700
  • 11:30am: (AU) Oct. Full Time Employment Change, prior 26,700
  • 11:30am: (AU) Oct. Participation Rate, est. 64.8%, prior 64.5%
  • 11:30am: (AU) Oct. Employment Change, est. 50,000, prior -138,000
  • 11:30am: (AU) Oct. Unemployment Rate, est. 4.8%, prior 4.6%

U.S. stocks fell by the most in a month and Treasury yields spiked higher as a hot inflation reading roiled financial markets.
The S&P 500 slid 0.8%, extending earlier losses, after a 30-year Treasury auction went off at higher yields than anticipated. Two-year yields also shot higher after data showed the fastest annual inflation rate since 1990, upending bets on the timing for the next interest rate increase.

Other News

QAnon followers who flocked to Dallas last Tuesday under the impression that JFK Jr. – who died in a plane crash in 1999 – was going to ‘appear’ and announce a vice presidential run with Donald Trump have refused to leave, now calling the Texas city their ‘promised land.’
QAnon rapper Pryme Minister has reportedly offered property for the conspiracy theorists to set up a permanent headquarters near the infamous grassy knoll at Dealey Plaza – the site of the 1963 assassination of President John F. Kennedy,  Vice News first reported.
The group expected JFK Jr. to appear at 12.29 p.m. on November 2 – the time his father was shot dead – but when he failed to arrive, followers dashed off to the Rolling Stones concert at the Cotton Bowl instead.
The group now believes that JFK Jr. did, in fact, appear to them last Tuesday, apparently disguised as Keith Richards performing on stage.