- ASX SPI 200 futures down 0.3% to 6,623.00
- Dow Average up 0.1% to 29,233.65
- Aussie down 0.5% to 0.6274 per US$
- U.S. 10-year yield rose 5.2bps to 3.9347%
- Australia 3-year bond yield rose 11 bps to 3.54%
- Australia 10-year bond yield rose 17 bps to 4.04%
- Gold spot down 0.1% to $1,666.16
- Brent futures down 2.7% to $93.60/bbl
- 09:00: (AU) RBA’s Ellis-Speech
- 11:00: (AU) Australia to Sell A$800 Million 1.75% 2032 Bond
US stocks turned sharply lower in late trading after comments by the Bank of England chief on removing market support rattled investor sentiment. Benchmark Treasury yields rose and the dollar gained.
The S&P 500 slid amid renewed selling in tech shares that sent the Nasdaq 100 down more than 1%. Long-end Treasuries bore the brunt of losses.
A new feature on the iPhone 14 has been alerting police to potential car crashes — but some of the users are just enjoying a roller coaster ride.
Police in Ohio were called to the Kings Island amusement park six times last month when the new safety feature automatically alerted authorities mistaking the quick and jerky movements of the thrill ride for a car accident.
The iPhone 14’s new crash detection feature senses high-G-force acceleration to intentionally detect when the user has been in a car crash.
It is made to be on alert for signs of a crash including rapid deceleration or a sudden stop.
If those warning signs are detected, the phone will display an alert for 10 seconds before starting a 10-second countdown and alarm sound. The iPhone will then automatically dial 911 and share the location of the device if the user does not shut off the alarm during the 10-second warning.
An alert will also be automatically sent out to anyone listed as an emergency contact.
(New York Post)