Markets Overview

  • ASX SPI 200 futures up 0.9% to 6,719.00
  • Dow Average up 1.8% to 30,173.20
  • Aussie up 1.4% to 0.6285 per US$
  • U.S. 10-year yield little changed at 4.0207%
  • Australia 3-year bond yield fell 0.3 bps to 3.54%
  • Australia 10-year bond yield rose 1.5 bps to 4.02%
  • Gold spot up 0.2% to $1,647.77
  • Brent futures little changed at $91.54/bbl

Economic Events

  • 11:05: (AU) RBA’s Bullock-Speech
  • 11:30: (AU) RBA Minutes of Oct. Policy Meeting

Stocks saw big gains Monday, with the S&P 500 closing above a key technical level and another giant bank coming out with solid results. A reversal of the UK’s vast fiscal stimulus also bolstered trader sentiment.

The breadth of the rally was so strong that at one point over 99% of the companies in the US equity benchmark were up, with the gauge pushing away from its 200-week moving average.

Other News

Turns out gold isn’t the only valuable thing you can find in a mine.

A pair of vintage Levi’s discovered in an abandoned mine shaft in the American West recently sold for $87,400 at an auction in New Mexico. The jeans, which date back to the 1880s, were unearthed by self-described “denim archaeologist” Michael Harris several years ago before they were snapped up by a pair of vintage-clothing dealers at the Durango Vintage Festivus on October 1.

(Yahoo Life)