ASX futures are down 0.2 per cent. Iron ore jumps 5.9 per cent. Australian treasuries soared as 10-year yields fell 14bps to 3.32 per cent. Follow the latest.
Australian shares are set to open lower as Wall Street sold off on the back of a slide in big tech stocks. This week the focus is on the Federal Reserve which makes a rate decision early Thursday AEST, Scorching price pressures are expected to push the Fed to raise interest rates 75 basis points for the second straight month. The bond market has faith in the Fed.P 500 -0.9% Nasdaq +1.9%The local currency -0.
1% to 69.29 US centsThe yield on the US 10-year note declined 12 basis points to 2.76%Overseas data: EURO ZONE Ger. IFO Business Climate Survey Jul; US Chicago Fed nat act index Jun; Dallas Fed Index JulBitcoin was down 0.7 per cent to $US22,530.19In New York: BHP +0.6% Rio flat Atlassian -5.6%Spot gold +0.5% to $US1,727.64 /ozIron ore +5.9% to $US104.55 a tonne10-year yield: US 2.75% Australia 3.43% Germany 1.
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