Markets Overview

  • ASX SPI 200 futures little changed at 7,211.00
  • Dow Average little changed at 32,915.78
  • Aussie down 0.2% to 0.7195 per US$
  • U.S. 10-year yield rose 10.7bps to 3.0417%
  • Australia 3-year bond yield rose 2bps to 2.98%
  • Australia 10-year bond yield little changed at 3.48%
  • Gold spot down 0.5% to $1,842.07
  • Brent futures up 0.5% to $120.33/bbl

Economic Events

  • 2:30pm: (AU) June RBA Cash Rate Target, est. 0.60%, prior 0.35%
  • 4:30pm: (AU) May Foreign Reserves, prior A$77.5b

The Reserve Bank of Australia is expected to raise the benchmark interest rate at today’s meeting. About half of economists surveyed expect a 25bp bump to 0.6%, with the balance seeing bigger increases.

Other News

Bungee jumping is an activity or adventure sport that involves a person jumping from a great height while connected to a large elastic cord.

The activity of leaping takes place while the person is secured by a long nylon-cased rubber band around the ankles.

It’s basically an activity that requires a person to let go of all of his/her fears. And that’s the reason why most of us can never go through with it.

If you thought bungee jumping once is impressive, you are about to be blown away by a man called Francois-Marie Dibon.

The 44-year-old Frenchman set a new Guinness World Record recently by jumping from a bridge 765 times in a 24-hour period.

Francois-Marie started bungee-jumped from a bridge over the River Garry in Pitlochry, Scotland at 10:10 AM on a last Tuesday and ended at the same time on Wednesday.