FPG Overnight Headlines 13/12/2022

Overnight headlines

US consumer price information for November will be made public on Wednesday. The Federal Reserve’s policymakers will meet for two days starting tomorrow; a statement is expected on Thursday.

The local currency fell by 0.9% while the Bloomberg dollar spot index increased by 0.4%.

Bitcoin’s price on bitstamp.net dropped by 1.3% to $US17,019.

The US 10-year note’s yield increased by 3 basis points to 3.61 percent.

Energy led all 11 of the S&P 500’s industry sectors up on Wall Street.

Market movements

• Down 0.7% to 67.51 US cents in AUD
• Bitcoin fell 0.6% to $17,062 USD
• Dow up 1.6% on Wall Street S&P +1.4% Nasdaq rose 1.3%
• Stoxx 50 in Europe fell by 0.5% FTSE –0.4% CAC –0.5% DAX -0.4%
• Spot gold fell by 0.9% to $1781.89 USD/oz.
• Brent crude increased 2% to US$77.63 per barrel.
• Iron ore fell by 1.9% to US$110.25 a tonne.
• US 3.61% Australia 3.38% Germany 1.93% 10-year yield

Today’s agenda

Local: Westpac-MI consumer confidence in December,November business survey by NAB

Overseas data: German final CPI for November; ILO October unemployment rate for the UK; Wednesday’s US November CPI data