FPG Market Updates: 20th December 2022 

Market Headlines

The US 10-year note’s yield was 3.57 percent. 

In the wake of last week’s flight to safety, which was sparked by concerns about the recession and the Fed’s aggressive rhetoric as it fights against inflation, the S&P 500 and the Nasdaq were down, while the Dow Jones managed to hold on to a tiny gain. 

The S&P 500, the Dow, and the Nasdaq are on pace to post their worst yearly percentage losses since 2008, the lowest point of the global financial crisis, with only two weeks left in 2022. 

Closer to home, today marks the release of the minutes from the Reserve Bank of Australia’s December monetary policy meeting. 

Market Movements 

• Down 0.4% to 67.15 cents US 
• Bitcoin’s price on bitstamp.net was down 0.6% at US$16,602. 
• The Dow fell 0.1% on Wall Street. S&P 500 -0.7% Nasdaq fell 1.1% 
• FTSE +0.4%, DAX +0.4%, CAC +0.3%, Stoxx 50 +0.2% 
• Spot gold fell by 0.2% to $1,789.22 USD/oz. 
• Brent crude increased 1.7% to US$80.36 per barrel. 
• A tonne of iron ore costs US$109.2 
• US-based 10-year yield: 3.59% Germany 2.20% Australia 3.53% 

Today’s Agenda 

Local: 
– The December monetary policy meeting minutes of the RBA board; 

– ABS data: regional population as of 2021.