Markets Overview

  • ASX SPI 200 futures little changed at 7,290.00
  • Dow Average down 0.4% to 33,286.58
  • Aussie little changed at 0.6652 per US$
  • U.S. 10-year yield rose 4.2bps to 3.7148%
  • Australia 3-year bond yield fell 1.3 bps to 3.31%
  • Australia 10-year bond yield fell 0.4 bps to 3.59%
  • Gold spot down 0.3% to $1,971.83
  • Brent futures up 0.6% to $76.06/bbl

Economic Events

  • 09:00: (AU) May Judo Bank Australia PMI Servic, prior 53.7
  • 09:00: (AU) May Judo Bank Australia PMI Compos, prior 53.0
  • 09:00: (AU) May Judo Bank Australia PMI Mfg, prior 48.0
  • 11:00: (AU) Australia to Sell A$150 Million 1.25% 2040 Linkers

US stocks fluctuated ahead of a crucial meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy to iron out road blocks in debt-ceiling negotiations.

The S&P 500 drifted between gains and losses. Yields on short-term Treasuries rose. And the tech-heavy Nasdaq 100 advanced, though chipmakers were under pressure. China said products by Micron Technology Inc. failed a cybersecurity review. Meanwhile, Pfizer Inc. rose on a report its weight loss pill may be as effective as Ozempic. And Zoom Video Communications Inc. was higher in after-hours trading after raising its annual sales forecast.

Other News

Japanese ice cream brand Cellato has set the Guinness World Record for the most expensive frozen treat.

And if you fancy tasting the world’s most expensive ice cream, you’ll have to dig deep into your pocket, because a few scoops will set you back more than a family holiday.

Priced at a staggering 873,400 Japanese yen (£5,469, or $6,696), the ice cream includes edible gold leaf, white truffle and natural cheeses.

The flagship treat is named Byakuya and has an expensive price tag due to the inflated price is the ingredients.

(The Independent)