07/02/2023
Today’s Announcements & News
Asia
Australian shares edge down at the open. Equity futures point to a mixed open across the APAC region, with ASX futures up 0.01%, Nikkei 225 futures flat and Hang Seng Index up 0.08%.
Asian stocks on Tuesday come off the back of their worst day since June hoping for recovery, but vulnerable to an expected interest rate hike in Australia, potentially critical comments from Fed Chair Jerome Powell
United States
0 out of the 11 sectors in the S&P 5finisheding lower, with both Technology and Communication Services leading losses, down 1.4%. The utility is the only sector that closed in green as defensive stocks outperformed amid risk-off sentiment.
Commodities
Gold futures stabilized above 1,860 after a sharp retreat in the last two trading days due to a rebound in the US dollar and the US bond yields.
Crude oil prices rebounded from a one-month low as traders may reassess the demand outlook after a week-long drop. A jump in the bond yield and a decline in equity markets may have caused hedging trades.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.
