10th November 2022 Market Updates
FPG Fortune Prime Global Overnight headlines
The 10-year US Treasury yield decreased 3 basis points to 4.09 percent.
On Wall Street, the Nasdaq 100 led losses among key indexes as the S&P 500 ended a three-day surge. After releasing poor results, Walt Disney and News Corp fell.
The Federal Reserve Bank of Chicago’s outgoing president, Charles Evans, stated that even if inflation data continue to surprise on the upside in the coming months, it is time for the central bank to start slowing down its blistering pace of interest-rate increases given how high they have already gone.
Evans told Bloomberg on Wednesday at the Chicago Fed, “I do think there are benefits to altering the pace as quickly as we can.”
- Bitcoin fell 15% to $US15,760;
- AUD fell 1.2% to 64.26 cents
- Dow down 2% on Wall Street S&P -2.1% Nasdaq – 2.5%
- The Stoxx 50 in Europe fell 0.3%. FTSE -0.1% CAC -0.2% DAX -0.2%
- Spot gold fell by 0.4% to $US1705.70/oz;
- Brent crude fell by 2.4% to $US93.06/barrel;
- Iron ore increased by 0.6% to $US89.55/ton;
- The 10-year yield was US 4.09%. Germany 2.16% Australia 3.86%
Local: MI consumer inflation expectations November
Overseas data: US October CPI