Markets Overview

  • ASX SPI 200 futures down 0.4% to 6,994.00
  • Dow Average down 0.9% to 33,706.74
  • Aussie down 0.7% to 0.6870 per US$
  • U.S. 10-year yield rose 9.2bps to 2.9721%
  • Australia 3-year bond yield rose 6.4 bps to 3.09%
  • Australia 10-year bond yield rose 7.1 bps to 3.41%
  • Gold spot down 0.7% to $1,747.06
  • Brent futures up 0.1% to $96.72/bbl

Economic Events

  • 11:00: (AU) Australia to Sell A$300 Million 1.75% 2051 Bonds

Stocks in Asia may struggle Monday on escalating threats to global economic growth, in particular the Federal Reserve’s commitment to tighter monetary settings to quell inflation.

Futures pointed to soft starts for bourses in Japan, Australia and Hong Kong following the worst week for global shares since late June.

A selloff in Treasuries on Friday set the tone for early fixed-income action in the Asia-Pacific region as yields jumped in New Zealand.

Oil sank below $90 a barrel, restrained by worries about the outlook for demand and as traders monitor Iran nuclear talks that could lead to more supplies.

Other News

Two Russian nationals and a Ukrainian were arrested while trying to photograph an Albanian military facility and injuring two soldiers, the nation’s defense ministry said.

A 24-year old Russian, identified by local media as Mikhail Zorin, resisted arrest by assaulting the guards with a “paralyzing spray” at the facility in Gramsh, central Albania, according to the statement. He was subdued and taken into police for custody for questioning.

The other two, a woman and a man carrying Russian and Ukrainian documents, respectively, were apprehended shortly after as authorities searched the area. The suspects told police they were bloggers interested in military outposts, mostly abandoned, of former Soviet satellite states, Albania’s RTV Ora News reported.

Prime Minister Edi Rama appeared to confirm the incident in a tweet, wishing a “speedy recovery to the injured” and adding “let’s wait for the full disclosure of this event.” The two soldiers remain hospitalized, Koha Jone newspaper reported.