Markets Overview
- ASX SPI 200 futures down 1.1% to 6,740.00
- Dow Average down 1.0% to 30,706.23
- Aussie down 0.6% to 0.6690 per US$
- U.S. 10-year yield rose 7.4bps to 3.5630%
- Australia 3-year bond yield fell 4.3 bps to 3.33%
- Australia 10-year bond yield fell 4.6 bps to 3.63%
- Gold spot down 0.7% to $1,664.54
- Brent futures down 1.2% to $90.88/bbl
Economic Events
- 11:00: (AU) Australia to Sell A$800 Million 4.5% 2033 Bonds
- 12:00: (AU) RBA’s Bullock-Speech. The Reserve Bank of Australia will release the review of its bond purchasing program.
- (AU) Bloomberg Sept. Australia Economic Survey
Stocks came under pressure as Treasury yields hit multiyear highs, with traders bracing for a hawkish Federal Reserve that’s expected to boost rates to levels not seen since before the 2008 financial crisis.
A slide in equities pushed the S&P 500 more than 10% below its Aug. 16 high — which marked the peak of rally from the June bottom. About 93% of its companies were down Tuesday, with all major groups in the red. Ford Motor Co. tumbled the most in 11 years after warning on inflation costs. Two-year US yields approached 4% while a dollar gauge rose to a record.
Other News
Whether it’s how many stars are in the night sky or how many grains of sand are in the Sahara, there are certain questions that seem impossible to answer.
Now, scientists have come incredibly close to finding a solution to one such question – how many ants are there on Earth?
Researchers from the Julius Maximilians University in Wurzberg claim there are a whopping 20 quadrillion ants crawling on our planet.
For comparison, there are currently around 7.8 billion humans on Earth, meaning there are about 2.5 million ants per person!
Sabine Nooten, lead author of the study, said: ‘According to our estimates, the global ant population is 20 x 1015 – that is, 20 quadrillion animals.
‘That is a 20 with 15 zeros, which is hard to grasp and appreciate.’
(Daily Mail)
