13th September 2022 Market Updates
FPG Fortune Prime Global Overnight headlines
Overnight headlines
The US 10-year note’s yield increased by 5 basis points to 3.36 percent. Traders are eagerly expecting the release of the August US CPI report.
All three important benchmarks increased on Wall Street. The VIX also increased, rising 4.7% to 23.87. All 11 of the S&P 500’s industry groupings saw gains, led by the energy and information technology sectors.
Apple increased 3.9% thanks to news of significant demand for its most recent iPhone model.
Delivery timeframes for many Pro models are already being pushed out to mid-October, and the majority of pre-orders currently anticipate 3–4 week delivery times. The initial demand and order trends for the iPhone 14 are marginally better than those for the iPhone 13 and are exceeding our expectations.
Market movements
AUD up 0.7% to 68.87 cents US
Bitcoin rose 4% to $22,423 USD
The Dow rose 0.7% on Wall Street. S&P 500 +1.1% Nasdaq rose 1.3%
In Europe: FTSE up 1.7%, Stoxx 50 up 2.1%. CAC +2% DAX +2.4%
Spot gold up 0.6% to $1,277.11 USD per ounce
Brent crude increased by 1.1% to $93.88 per barrel
US 3.35% for the 10-year yield. Germany is 1.65% while Australia is 3.63%
Today’s agenda
Local: Westpac-MI consumer confidence NAB business survey from September
Overseas data: Final August German CPI; Eurozone ZEW predictions September; ILO July unemployment rate for the UK July; US CPI for August
