Markets Overview
- ASX SPI 200 futures little changed at 7,366.00
- Dow Average down 0.5% to 35,953.10
- Aussie down 0.6% to 0.7261 per US$
- U.S. 10-year yield fell 3.0bps to 1.6043%
- Australia 3-year bond yield fell 3bps to 0.99%
- Australia 10-year bond yield rose 3bps to 1.86%
- Gold spot up 0.7% to $1,863.87
- Brent futures down 2.4% to $80.43/bbl
Economic Events
- 10:30am: (AU) Australia to Sell A$1.5 Billion 84-Day Bills
- 10:30am: (AU) Australia to Sell A$500 Million 126-Day Bills
- 11:30am: (AU) Oct. RBA FX Transactions Other, prior A$1.76b
- 11:30am: (AU) Oct. RBA FX Transactions Government, prior -A$1.51b
- 11:30am: (AU) Oct. RBA FX Transactions Market, prior A$1.52b
- 1:05pm: (AU) RBA’s Richards Gives Speech Online
- 3pm: (AU) RBA’s Ellis Gives Speech Online
Reserve Bank of Australia’s Assistant Governor (Economic) Luci Ellis and Head of Payments Policy Tony Richards will give speech online. Evolution Mining is buying an Australian mine from Glencore Plc to expand its footprint in copper for A$1 billion.
Other News
A bizarre new prototype device lets dogs call their owner by picking up and shaking a ball when they’re home alone.
Devised at the University of Glasgow, the device, called ‘DogPhone’, is a toy ball containing an accelerometer – a device that detects motion of an object.
When the accelerometer senses movement, it initiates a video call on a laptop, allowing dogs to see and interact with their owner while he or she is at work.
Initially, dogs will be mystified by seeing and hearing their owner when they shake DogPhone, but they’ll soon start to associate touching it with their owner appearing.
Over time, they’ll therefore learn to pick up and shake the ball when they’re missing their owner and want to see them – via the internet at least.
While it’s just a prototype for now, DogPhone could help address the issue of separation anxiety for pets who have grown used having people at home during the coronavirus pandemic.
