Markets Overview
- ASX SPI 200 futures little changed at 7,255.00
- Dow Average up 0.3% to 34,215.35
- Aussie up 1.2% to 0.6732 per US$
- U.S. 10-year yield fell 5.1bps to 3.7038%
- Australia 3-year bond yield rose 4.5 bps to 3.27%
- Australia 10-year bond yield fell 0.5 bps to 3.59%
- Gold spot up 0.6% to $1,751.56
- Brent futures down 3.5% to $85.23/bbl
Economic Events
- 10:30: (AU) Australia to Sell A$500 Million 91-Day Bills
- 10:30: (AU) Australia to Sell A$1 Billion 105-Day Bills
- 10:30: (AU) Australia to Sell A$1 Billion 182-Day Bills
US stocks ended the session higher after the Federal Reserve’s latest meeting minutes showed most officials backing slowing the pace of interest-rate hikes soon.
The S&P 500 and the Nasdaq 100 notched gains for a second straight session. Treasuries rallied, with the benchmark 10-year yield around 3.69%. Wall Street’s fear gauge, the Cboe Volatility Index, fell to its lowest level in more than three months. US stock and bond markets will be closed on Thursday for the Thanksgiving holiday.
Other News
A town in the western Mexican state of Michoacán inscribed its name in the Guinness World Records after creating the largest serving of guacamole.
It took at least 300 men and women in the municipality of Peribán just 3 hours and 30 minutes Sunday to make 4,970 kilos (10,956 pounds) of guac.
The massive batch consisted of 10 tons of avocados that were grown in Peribán orchards and were mixed with onions, tomatoes, pepper, lime and cilantro.
The event was live streamed to Guinness World Records officials, who were unable to attend but confirmed the new record Sunday evening.
‘We achieved the objective of gathering everything that was required to make more than 4 tons of guacamole, which was not easy, in addition to the preparation and the fact that it was finished so quickly,’ Peribán Mayor Alfredo Arroyo said, as quoted by El Heraldo de Mexico.
The serving surpassed the previous record of 3,788 kilos (8,351 pounds) that more than 350 people prepared in the nearby town of Tancítaro on April 6, 2018.
The prior record belonged to the Jalisco city of Concepción de Buenos Aires, where a wholesaler gathered more than 815 people to produce a serving of 2,980 kilos in 2017.
The latest record-setting event was part of the 2022 Avocado Expo that was held over the weekend in Peribán.
The group got its feet wet with a test run November 15 and made 100 kilos of guacamole.
Two days later, a trailer dropped off the giant saucepan needed to hold the massive dip.
The state of Michoacán is the sole provider avocados – considered ‘green gold’ – to the United States, but producers were temporarily banned from exporting across the border in February after a cartel threatened a USDA food inspector.
Peribán ranks seventh in production and exportation of avocados.
(Daily Mail)
