Markets Overview

  • ASX SPI 200 futures down 0.8% to 7,805.00
  • Dow Average down 0.5% to 39,671.04
  • Aussie down 0.7% to 0.6619 per US$
  • US 10-year yield little changed at 4.4218%
  • Australia 3-year bond yield rose 4 bps to 3.93%
  • Australia 10-year bond yield rose 3.4 bps to 4.29%
  • Gold spot down 1.8% to $2,378.50
  • Brent futures down 1.5% to $81.64/bbl

Economic Events

  • 09:00: (AU) May Judo Bank Australia PMI Servic, prior 53.6
  • 09:00: (AU) May Judo Bank Australia PMI Compos, prior 53.0
  • 09:00: (AU) May Judo Bank Australia PMI Mfg, prior 49.6
  • 10:30: (AU) Australia to Sell A$1 Billion 126-Day Bills
  • 10:30: (AU) Australia to Sell A$1 Billion 77-Day Bills
  • 11:00: (AU) May Consumer Inflation Expectation, prior 4.6%

Asian equities were set for a mixed open Thursday as results for Nvidia Corp. supported tech stocks in late trading. An index of dollar strength touched a one-week high as US yields rose.

Equity futures for Australia and Hong Kong fell, while those for Japan rose. The S&P 500 fell 0.3% while the Nasdaq 100 was little changed Wednesday. Post-market results for Nvidia sent its shares as much as 7% higher in after-hours trading in New York.

The chip giant said second-quarter revenue will be about $28 billion — beating estimates. The company also announced a 10-for-1 stock split and boosted its quarterly dividend by 150% to 10 cents a share.

Selling in Treasuries pushed yields higher at the front end of the curve on Wednesday. The 10-year yield was little changed, but the policy-sensitive two-year year rose four basis points as the latest Federal Reserve minutes showed officials remain in no rush to cut rates.