FPG Market Updates: 20th December 2022 – AUDUSD down 1% at 64.77, Gold rose 0.7% overnight
FPG Fortune Prime Global Market Headlines
Market Headlines
Local
shares are expected to rise at the open, shrugging off declines on Wall Street
as investors assessed the pain ahead for growth stocks.
ASX
futures were up 52 points, or 0.8 per cent, to 6945 near 6am AEDT on Wednesday.
AUDUSD
was down 1 per cent at US67.33¢.
US
equities pushed lower led by declines in Tesla and Apple shares. Treasuries
pared earlier gains and the US dollar rose the most in nearly three weeks.
The
S&P 500 fell and the tech-heavy Nasdaq 100’s losses exceeded 1 per cent.
Treasury
yields declined across the curve and the policy-sensitive 10-year yield was
about 3.78 per cent, after dropping to around 3.72 per cent earlier. Oil
retreated.
Market Movements
ASX futures were up 52 points, or 0.8 per cent, to 6945 near 6am AEDT.
- AUDUSD -1.0% at 67.33¢
- BTCUSD -0.5% at
$US16,636 - DJI -0.6% SP
500 -0.8% Nasdaq -1.2% - FTSE +1.4% DAX +0.8% CAC +0.4%
- Gold +0.8% at
$US1838.99 an ounce - UKOIL -3.0% to
$US83.36 a barrel
US
The
S&P 500 fell 0.9 per cent as of 12.06pm New York time. The Nasdaq 100 fell
1.3 per cent. DJI fell 0.6 per cent. The yield on 10-year Treasuries declined
0.09 of a percentage point to 3.78 per cent.
Europe
The
Stoxx Europe 600 rose 1.2 per cent. The MSCI World index rose 0.2 per cent.
Germany’s 10-year yield declined 0.06 of a percentage point to 2.39 per cent.
Britain’s 10-year yield declined 0.02 of a percentage point to 3.65 per cent.
Currencies
EURUSD
fell 1 per cent to $US1.0558. GBPUSD pound fell 0.6 per cent to $US1.1973. USDJPY
was little changed at 130.76 a dollar.
Commodities
WTI
fell 3.6 per cent to $US77.34 a barrel. Gold futures rose 0.7 per cent to
$US1838.10.
Today’s Agenda
Overseas
data: On Wednesday US time, the US Federal Open Market Committee issues minutes
from last year’s meeting on December 13-14.
