Markets Overview
- ASX SPI 200 futures up 0.4% to 6,939.00
- Dow Average up 0.2% to 35,200.81
- Aussie up 0.7% to 0.7115 per US$
- U.S. 10-year yield rose 1.9bps to 1.7964%
- Australia 3-year bond yield rose 2bps to 1.33%
- Australia 10-year bond yield rose 0.8bps to 1.90%
- Gold spot up 0.2% to $1,800.06
- Brent futures down 0.3% to $88.95/bbl
Economic Events
- 11am: (AU) Australia to Sell A$1 Billion 1% 2031 Bonds
- 12:30pm: (AU) RBA’s Lowe speaks at press club
U.S. stocks added to their best three-day rally since 2020, as investors bid up companies that benefit from a strong economy amid speculation the Federal Reserve won’t derail growth as it fights inflation.
The S&P 500 rallied into the close of trading, led by gains in energy producers and banks, while the tech-heavy Nasdaq 100 also advanced. With the gains, the S&P 500 has now surpassed the midpoint of last month’s peak-to-trough decline, indicating to some chartists a full recovery may be underway.
After the bell, Alphabet Inc. gained on strong corporate results and a 20-for-1 stock split while Starbucks Corp. declined after missing estimates on earnings. Treasury yields rose and the dollar was weaker.
Other News
A woman woke up to find herself a viral sensation after she fell asleep on a TikTok live after a boozy night out – and the two-hour broadcast was only cut when her boob fell out.
Eva Jones, 23, passed out drunk on a TikTok Live after a friend’s birthday party on 28th December and continued snoring on camera for several hours – in a hilarious video that later amassed 5.4 million views.
Eva, who lives in Liverpool, had never gone live on TikTok before then and snoozed right through phone calls from friends desperately trying to alert her to her accidental viral video.
The student only stopped streaming her drunken slumber when a TikTok moderator caught wind of Eva’s hit stream and ended her live video.
