Markets Overview

  • ASX SPI 200 futures down 0.9% to 6,703.00
  • Dow Average down 2.1% to 29,296.79
  • Aussie down 0.5% to 0.6376 per US$
  • U.S. 10-year yield rose 5.9bps to 3.8814%
  • Australia 3-year bond yield rose 6.6 bps to 3.43%
  • Australia 10-year bond yield rose 7.3 bps to 3.85%
  • Gold spot down 1.0% to $1,694.82
  • Brent futures up 3.7% to $97.92/bbl

Economic Events

  • 16:30: (AU) Sept. Foreign Reserves, prior A$80.6b

Australia’s biggest polluters will have to wait years to access international carbon credits to offset emissions at home under a trading program due to start in 2023, the Australian Financial Review reported, citing Energy and Climate Change Minister Chris Bowen.

In a speech at the newspaper’s energy summit on Monday, Bowen will say it will take several years to establish the integrity of overseas credits so that they count toward Australia’s emissions-reduction target, according to the AFR. That’s a blow to major polluters in the mining and resources sectors, the AFR said.

In his speech, Labor’s Bowen will push the Opposition to pass legislation, to be introduced next month, to establish a domestic carbon credit and trading program, the newspaper reported.

Other News

The University of California, Berkeley, will offer a Nicki Minaj course for the upcoming spring semester.

The course, “Nicki Minaj: The Black Barbie Femmecee & Hip Hop Feminisms,” will encourage students to think about how Minaj’s impact on the hip-hop music industry connects to the “broader historical-social structures and hip-hop feminisms,” the course professor said on Twitter.

The university retweeted the Twitter thread announcing the class on its official account.

Minaj also expressed interest in visiting the class.

More details about the class will be shared once they are finalized.

UC Berkeley isn’t the only college that offers classes focused on celebrities.

San Diego State University will offer a course focused on rapper Bad Bunny and his impact on Latinx culture, NowThis News reported.

Texas State University also announced they would offer a class focused on Harry Styles and the culture of the celebrity, NPR reported.

New York University announced that it would offer a course focused on Taylor Swift at its Clive Davis Institution, an NYU Tisch School of Arts division, Variety reported.

(KTLA News)