Markets Overview

  • ASX SPI 200 futures little changed at 7,356.00
  • Dow Average down 0.1% to 33,646.50
  • Aussie up 0.6% to 0.6693 per US$
  • U.S. 10-year yield fell 3.0bps to 3.3962%
  • Australia 3-year bond yield rose 3 bps to 2.91%
  • Australia 10-year bond yield rose 2 bps to 3.24%
  • Gold spot up 0.6% to $2,015.02
  • Brent futures up 1.9% to $87.24/bbl

Economic Events

  • 10:30: (AU) Australia to Sell A$1 Billion 56-Day Bills
  • 10:30: (AU) Australia to Sell A$1 Billion 133-Day Bills
  • 10:30: (AU) Australia to Sell A$500 Million 147-Day Bills
  • 11:00: (AU) April Consumer Inflation Expectation, prior 5.0%
  • 11:30: (AU) March Full Time Employment Change, prior 74,900
  • 11:30: (AU) March Part Time Employment Change, prior -10,300
  • 11:30: (AU) March Participation Rate, est. 66.6%, prior 66.6%
  • 11:30: (AU) March Employment Change, est. 20,000, prior 64,600
  • 11:30: (AU) March Unemployment Rate, est. 3.6%, prior 3.5%

Asian stocks are poised to decline after US shares fell in a choppy session amid concern moderating inflation won’t keep the Federal Reserve from raising interest rates again.

Futures on equity benchmarks in Japan and Hong Kong retreated, while contracts for Australia were little changed. Both the S&P 500 and tech-heavy Nasdaq 100 closed Wednesday near session lows.

Asian currencies were little changed in early trading, holding gains made Wednesday when the dollar weakened following the inflation report.

Treasuries rose but ended off session highs. Swaps markets showed the odds are still in favor of a quarter-point Fed hike in May, while traders amped up bets the central bank will cut rates later this year.

Other News

Mr. Leclerc said on Instagram on Sunday that his address had become public and that fans had been gathering at his apartment asking for pictures and autographs.

A Ferrari Formula 1 driver in Monaco is drawing firm boundaries with overzealous fans who have shown up uninvited at his private residence, about a year after he was robbed while taking a selfie.

The driver, Charles Leclerc, who was born and raised in Monaco, pleaded with fans on Sunday not to show up at his home. He added that he would stop to talk to fans elsewhere, like in the streets or at the track.

“For the past few months my home address has somehow become public, leading to people gathering beneath my apartment, ringing my bell and asking for pictures and autographs,” Mr. Leclerc said in a now-expired story on his Instagram page.

“While I’m always happy to be there for you and truly appreciate your support, please respect my privacy and refrain from coming to my house,” he continued, adding that he would not respond to unsolicited visitors.

“Your support, both in person and on social media, means the world to me, but there is a boundary that should not be crossed,” he said.

Mr. Leclerc’s management team and the government authorities in Monaco who investigate such matters did not respond to requests for comment on Tuesday.

It’s not uncommon for celebrities to come face-to-face with overly excited fans, sometimes called stans, a term derived from a 2000 Eminem song about a fan who becomes so obsessed, he kills.

On occasion, the authorities have known to get involved when interactions become dangerous or unlawful. Last September, an Ohio man was sentenced to more than three years in prison after a dozen years of harassing the actress Eva LaRue and her daughter. In 2019, a man pleaded no contest to stalking Rihanna after he was accused of breaking into the pop star’s California home a year earlier, according to KABC, a local news station. He was sentenced to five years of probation.

Mr. Leclerc’s concerns about privacy come days after the authorities in Italy arrested four people in connection with the theft of his watch last year. Last April, Mr. Leclerc was robbed by two people wearing helmets, who asked for a selfie in Viareggio, a seaside community in northern Italy, according to Reuters.

The perpetrators took his Richard Mille watch. While it’s unclear how much Mr. Leclerc’s particular watch was worth, watches from the same maker can range in price from the upper five figures to over $2.5 million, according to Gear Patrol, a product-buying guide for technology, cars, watches and more.

Mr. Leclerc is currently ranked 10th in Formula 1, and he came in seventh place at the Rolex Australian Grand Prix qualifying race this month.

After participating in GP3 and Formula Two as a teenager, Mr. Leclerc made his debut in Formula 1 in 2018, and has steadily made a name for himself.

When he’s not on the track, Mr. Leclerc remains a thrill seeker and looks for ways to decompress from racing. Last year, he told The New York Times that he had taken up flying as way to challenge himself.

“Over a whole season, you can definitely feel the benefit of having time to relax in between the races, to think about something else, to take time for yourself, with your family, your friends,” he said. “This is very important.”

(New York Times)