Markets Overview

  • ASX SPI 200 futures up 0.8% to 6,777.00
  • Dow Average up 1.4% to 32,197.59
  • Aussie up 0.8% to 0.6994 per US$
  • U.S. 10-year yield fell 2.3bps to 2.7831%
  • Australia 3-year bond yield fell 12 bps to 2.92%
  • Australia 10-year bond yield fell 9.1 bps to 3.25%
  • Gold spot up 1.0% to $1,734.76
  • Brent futures up 2.9% to $107.41/bb

Economic Events

  • 10:30: (AU) Australia to Sell A$1 Billion 42-Day Bills
  • 10:30: (AU) Australia to Sell A$1 Billion 105-Day Bills
  • 11:30: (AU) 2Q Import Price Index QoQ, est. 4.5%, prior 5.1%
  • 11:30: (AU) 2Q Export Price Index QoQ, est. 8.4%, prior 18.0%
  • 11:30: (AU) June Retail Sales MoM, est. 0.5%, prior 0.9%

Australia downgraded its economic growth outlook for this fiscal year and next amid accelerating inflation, higher interest rates and a slowing global economy.

Other News

The Apollo 11 spaceflight jacket worn by Buzz Aldrin, the second man to walk on the moon and the only surviving crew member of the historic 1969 mission, exceeded expectations when it sold for $2.8 million Tuesday.

The jacket, which features patches with Aldrin’s name and the Apollo 11 logo, is both the most valuable American space flown artifact and the most expensive jacket ever sold at auction, according to Sotheby’s.

The auction house previously estimated that the jacket would sell for between $1 million and $2 million.

It was the only time a garment worn during the first moon landing mission has ever been available for private ownership, Sotheby’s said, as the Smithsonianowns the jackets worn by Aldrin’s crewmates, Neil Armstrong and Michael Collins.

Before Tuesday, the record for the most valuable American space flown artifact ever sold at auction belonged to an Apollo 11 lunar dust bag that sold for $1.8 million in 2017.

The most expensive jacket ever sold at auction was the red leather jacketMichael Jackson wore in the Thriller music video, which fetched $1.8 million in 2011, according to Guinness World Records.