Markets Overview

  • ASX SPI 200 futures down 0.2% to 6,792.00
  • Dow Average down 1.1% to 31,318.44
  • Aussie down 0.1% to 0.6778 per US$
  • U.S. 10-year yield fell 6.3bps to 3.1894%
  • Australia 3-year bond yield fell 3.7 bps to 3.25%
  • Australia 10-year bond yield fell 3.9 bps to 3.65%
  • Gold spot up 0.9% to $1,712.19
  • Brent futures up 0.7% to $93.02/bbl

Economic Events

  • 09:00: (AU) Aug. S&P Global Australia PMI Servi, prior 49.6
  • 09:00: (AU) Aug. S&P Global Australia PMI Compo, prior 49.8
  • 11:00: (AU) Aug. Melbourne Institute Inflation, prior 1.2%
  • 11:00: (AU) Aug. Melbourne Institute Inflation, prior 5.4%
  • 11:00: (NZ) Aug. ANZ Commodity Price MoM, prior -2.2%
  • 11:00: (AU) Australia to Sell A$300 Million 1.75% 2051 Bonds
  • 11:30: (AU) 2Q Company Operating Profit QoQ, est. 4.5%, prior 10.2%
  • 11:30: (AU) 2Q Inventories SA QoQ, est. 1.4%, prior 3.2%
  • 11:30: (AU) Aug. ANZ Job Advertisements MoM, prior -1.1%

Other News

Hackers targeted a Russian taxi app on Thursday, sending hundreds of drivers to the same Moscow address causing huge traffic jams in the city centre.

Yandex Taxi, a Russian app similar to Uber that allows users to order cabs to their location, was reported to have been targeted in the morning. The company later confirmed the incident in a statement.

‘On the morning of September 1, Yandex Taxi encountered an attempt by attackers to disrupt the service — several dozen drivers received bulk orders to the Fili region,’ the company said in a statement to

As a result of the hack, taxis flooded to Moscow’s Kutuzovsky Prospekt – a major road that runs east to west leading into the centre of the Russian capital.

With its eight to ten lanes, Kutuzovsky Prospekt is rarely jammed. However, drivers spent about 40 minutes in traffic due to the fake pick-up orders.

The company said its security department ‘immediately stopped attempts to artificially’ order the taxis. However, this was not enough to stop the gridlock.

‘Drivers still spent about 40 minutes in traffic jams due to fake orders. The issue of compensation will be resolved in the near future,’ the company said.

It noted that it had already addressed the vulnerability that enabled the hack.

(Daily Mail)