THIS MORNING
In Australia, financial accounts and population data for the September quarter are released. In the US, the leading index and retail trade figures are released.
OVERNIGHT MARKETS
US Equities
US sharemarkets rallied sharply on Wednesday after the Federal Reserve gave a strong signal that it was on track to raise interest rates at some point next year - pointing to confidence in the US economy. At the close of trade, the Dow Jones was up by 288 points or 1.7%. The S&P 500 index was up by 2% and the Nasdaq gained 96 points or 2.1%.
US treasuries fell on Wednesday (yields higher) as the commentary from the US Fed opened the door further to interest rate hikes in 2015. US 2 year yields rose by 5pts to 0.609% while US 10 year yields rose by 7pts to 2.141%.
Major currencies fell against the greenback in overnight trade. The Euro eased from highs of US$1.2495 to lows near US$1.2320, and was around US$1.2330 in late US trade. The Aussie dollar rose from lows near US81.40c to around US82.30 and traded near US82.20c in late trade. And the Japanese yen traded between 116.80 yen per US dollar to JPY117.70 and was near JPY117.25 in late US trade.
World oil prices lifted on Wednesday as a drop in US oil inventories supported bargain hunting after nearly a week of selling. Brent crude rose by US$1.17 or 1.9% to US$61.18 a barrel while the US Nymex crude price rose by US54c or 1% to US$57 a barrel.
Base metal prices were mixed on the London Metal Exchange on Wednesday. Tin (down 3%)and nickel (down 2.4%) recorded the largest falls while aluminium managed to eke out a 0.8% gain. Gold rose with Comex gold futures up by US20c an ounce or to US$1,194.50 per ounce. Iron ore fell by US20c to US$67.90 a tonne on Wednesday.
YESTERDAY'S MARKET
Local Markets Update.
This news story is reprinted from www.businessspectator.com.au
Read more details on BAS Accountants
In Australia, financial accounts and population data for the September quarter are released. In the US, the leading index and retail trade figures are released.
OVERNIGHT MARKETS
US Equities
US sharemarkets rallied sharply on Wednesday after the Federal Reserve gave a strong signal that it was on track to raise interest rates at some point next year - pointing to confidence in the US economy. At the close of trade, the Dow Jones was up by 288 points or 1.7%. The S&P 500 index was up by 2% and the Nasdaq gained 96 points or 2.1%.
US treasuries fell on Wednesday (yields higher) as the commentary from the US Fed opened the door further to interest rate hikes in 2015. US 2 year yields rose by 5pts to 0.609% while US 10 year yields rose by 7pts to 2.141%.
Major currencies fell against the greenback in overnight trade. The Euro eased from highs of US$1.2495 to lows near US$1.2320, and was around US$1.2330 in late US trade. The Aussie dollar rose from lows near US81.40c to around US82.30 and traded near US82.20c in late trade. And the Japanese yen traded between 116.80 yen per US dollar to JPY117.70 and was near JPY117.25 in late US trade.
World oil prices lifted on Wednesday as a drop in US oil inventories supported bargain hunting after nearly a week of selling. Brent crude rose by US$1.17 or 1.9% to US$61.18 a barrel while the US Nymex crude price rose by US54c or 1% to US$57 a barrel.
Base metal prices were mixed on the London Metal Exchange on Wednesday. Tin (down 3%)and nickel (down 2.4%) recorded the largest falls while aluminium managed to eke out a 0.8% gain. Gold rose with Comex gold futures up by US20c an ounce or to US$1,194.50 per ounce. Iron ore fell by US20c to US$67.90 a tonne on Wednesday.
YESTERDAY'S MARKET
Local Markets Update.
This news story is reprinted from www.businessspectator.com.au
Read more details on BAS Accountants
US treasuries fell on Wednesday (yields higher) as the commentary from the US Fed opened the door further to interest rate hikes in 2015. US 2 year yields rose by 5pts to 0.609% while US 10 year yields rose by 7pts to 2.141%. antique coin necklace , best handmade shoes , anklet jewelry , embroidery purses online , black belt embroidery taekwondo , mens jean belts , jean boots with belt , charm bracelets
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