Markets Overview
- ASX SPI 200 futures down 0.2% to 7,129.00
- Dow Average little changed at 31,261.90
- Aussie little changed at 0.7054 per US$
- U.S. 10-year yield fell 5.7bps to 2.7811%
- Australia 3-year bond yield fell 5bps to 2.80%
- Australia 10-year bond yield fell 7bps to 3.31%
- Gold spot up 0.3% to $1,846.50
- Brent futures up 0.5% to $112.55/bbl
Economic Events
- 9:05am: (AU) RBA’s Kent-Speech
Stocks are set to start the week with caution amid ongoing concerns about slowing growth in the world’s largest economies.
The dollar traded within tight ranges versus major currencies early Monday in Asia. The Australian dollar gained after a weekend election delivered a clear outcome, with Labor ousting the Liberal-National coalition. Treasuries advanced Friday, pushing the 10-year yield below 2.8% as traders debate the Federal Reserve’s tightening path amid mounting worries about an economic slowdown.
Other News
A man from Wisconsin marked the 50th anniversary of chomping down Big Macs almost every day by landing himself a well-earned spot in the Guinness World Records.
Big Mac lover Donald Gorske, 68, who hails from Fond du Lac, Wis., made a routine stop at his local McDonald’s on Tuesday where he celebrated five decades of daily burger-loving fun. Gorske smashed the record for the most Big Mac burgers eaten in a lifetime in 1999 after wolfing down a whopping 15,490. Guinness last year updated the total to 32,340.
As proof of his unprecedented achievement, Gorske keeps each individual burger carton and receipt each time he locks lips with the buns.
