Headlines:<\/p>\n
Markets:<\/p>\n
AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields down 0.4 bps to 4.273%Gold up 0.4% to $3,547.16WTI crude down 2.0% to $64.29Bitcoin up 0.1% to $111,560<\/p>\n
After the global bond rout triggered a bit of a scare in broader markets yesterday, we’re seeing a much calmer mood in trading today – at least for now.<\/p>\n
The yields blowup continued earlier in the day with 30-year yields in Japan shooting up to an unprecedented 3.29% with 30-year yields in the UK also shot up to 5.75% – its highest since 1998. US 30-year yields also briefly clipped the key 5% threshold but since then, the moves have backtracked a little.<\/p>\n
UK 30-year yields are now at 5.66% and 30-year yields in the US are at 4.96%, helping to alleviate some of the pressure on market sentiment.<\/p>\n
That’s helping to feed into a better showing in equities, with US futures pointing to a bounce back at the open later. That as least for tech shares, with S&P 500 futures and Nasdaq futures up 0.5% and 0.7% respectively.<\/p>\n
In FX, the calmer mood is not really leading to much notable movements. The dollar is keeping steadier across the board with light changes for the most part. EUR\/USD is up just 0.1% to 1.1648, trapped between large option expiries on either side of 1.1600 and 1.1680 today. Meanwhile, USD\/JPY is up just 0.2% to 148.63 after briefly running above 149.00 with buyers running up against resistance from its 200-day moving average at 148.83 currently.<\/p>\n
In other markets, precious metals continue to hold on to gains from the past few days with gold keeping at around $3,547 as it looks to build on a break of the $3,500 mark. Meanwhile, silver is lightly changed but continuing to keep above $40 at around $40.90 at the moment.<\/p>\n
Another notable mover was actually oil, with prices falling after a report that OPEC+ might consider another output hike at the weekend. That saw WTI crude drop from around $65.40 to $64.29 currently, keeping just above its own 100-day moving average of $64.25.<\/p>\n","protected":false},"excerpt":{"rendered":"Headlines: Markets: AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields…\n","protected":false},"author":2,"featured_media":115868,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":["post-115867","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/115867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=115867"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/115867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/115868"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=115867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=115867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=115867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}