Fortune Prime Global Overnight headlines 18/11/2022

Overnight headlines

Wall Street ended the day off its session lows, which is expected to boost Australian equities when they open higher. Eight out of the 11 industry groupings in the S&P 500 fell along with utilities.

ASX futures reversed early losses by rising 6 points, or 0.08 percent, to 7162.

• The Dow fell 0.2% on Wall Street. S&P -0.3% -0.4% Nasdaq
• BHP -0.1% in New York Rio +0.7% -5.9% Atlassian
• Tesla -2% Apple +1.3% -2.3% Amazon

The local currency declined by 0.7%, dropping below US67; nonetheless, the Bloomberg dollar spot index rose by 0.4%.

Bitcoin's price on bitstamp.net increased by 1.2% to US$16,704.

The US 10-year note's yield increased by 8 basis points to 3.77 percent.

US stocks fell early in the day when James Bullard, president of the Federal Reserve Bank of St. Louis, said he expects rates to rise to at least 5%, shattering hopes for a rate pace reduction.

Bullard told reporters on Thursday after giving a speech in Louisville, Kentucky, "In the past I have mentioned 4.75 percent to 5%." "Based on the analysis we conducted today, I would estimate 5%–6.25%. That is a base level. This research indicates that would at least put us in the zone.

The head of the St. Louis Fed, one of the more hawkish officials this year, was the most recent central banker to demand further action.

Market movements

• Bitcoin gained 1.2% to reach $US16,704;
• AUD fell by 0.7% to 66.93 US cents.
• The Dow fell 0.2% on Wall Street. S&P -0.3% -0.4% Nasdaq
• Stoxx 50 in Europe fell by 0.1% FTSE -0.1% CAC -0.5% DAX +0.2%
• Brent crude decreased by 2.9% to $90.17 per barrel,
• Spot gold decreased by 0.7% to $US1762.03/oz
• Iron ore increased by 0.3% to $US98.35 a tonne
• The 10-year yield was US 3.77%. Australasia 3.61 % Europe 2.01%

Today’s agenda

Local: Hobart will host the Sohn Hearts & Minds - Investment Leaders Conference

Overseas data: October CPI for Japan; UK Consumer confidence in November, retail sales in October, existing house sales in the US in October, and the leading index

#FortunePrimeGlobal# #FPG# #财盛国际# #forextrading# #ForexCFDs#