Markets Overview
- ASX SPI 200 futures up 0.6% to 7,136.00
- Dow Average up 1.8% to 33,882.84
- Aussie up 0.6% to 0.7295 per US$
- U.S. 10-year yield rose 13.2bps to 1.8611%
- Australia 3-year bond yield fell 10bps to 1.45%
- Australia 10-year bond yield fell 11bps to 2.08%
- Gold spot down 0.9% to $1,927.89
- Brent futures up 9.0% to $114.41/bbl
Economic Events
- 9am: (AU) Feb. Markit Australia PMI Services, prior 56.4
- 9am: (AU) Feb. Markit Australia PMI Composite, prior 55.9
- 10:30am: (AU) Australia to Sell A$1 Billion 98-Day Bills
- 10:30am: (AU) Australia to Sell A$1 Billion 126-Day Bills
- 11:30am: (AU) Jan. Private Sector Houses MoM, prior -1.8%
- 11:30am: (AU) Jan. International Trade Balance, est. A$9.05b, prior A$8.36b
- 11:30am: (AU) Jan. Building Approvals MoM, est. -3.0%, prior 8.2%
- 11:30am: (AU) Jan. Exports MoM, est. 6%, prior 1%
- 11:30am: (AU) Jan. Imports MoM, est. 3%, prior 5%
Western Australia, the nation’s last zero-Covid holdout, has reopened its borders to vaccinated travelers. Australia’s trade balance seen widening in January amid export surge.
Other News
Eyeing a new world record for batting the longest, Mumbai teen Siddharth Mohite stayed at the crease for a whopping 72 hours and five minutes during a marathon net session and is now waiting for the Guinness Book of World Record to recognise the feat.
The 19-year-old Mohite passed compatriot Virag Mane’s 50-hour record, created in 2015, before batting for 72 hours and five minutes over the weekend.
Mohite was supported in his endeavour by his mentor Jwala Singh, who has also coached young opener Yashasvi Jaiswal.
A group of bowlers stayed with Mohite to support him throughout his session.
As per the rule, a batter can take a break for five minutes in one hour.
Mohite’s recording and required papers will now be sent to the Guinness World Record books, Singh said in a statement.
