Australian shares gained 36 points, or 0.4%, to reach 8,697 in Friday’s morning session, rebounding after two days of losses. The move higher followed a modest rise in U.S. equity futures, even as Wall Street ended lower for a third consecutive session, weighed down by climbing Treasury yields and oil prices above $100 per barrel.
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S&P and Nasdaq break below old record highs. Sellers regain control. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
The Canadian market is modestly higher Thursday afternoon with stocks from energy and consumer staples sectors posting strong gains. Technology stocks are weak. Higher oil prices and bond yields amid an escalation in Middle East tensions rendered the mood cautious at the start. However, stocks found some support subsequently and the market moved above the
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What you see, is what you get. I see patterns in the gold price action. Do you? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
Crude oil short: Crude oil tests a key swing area: A place to define risk !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly dipped from an upwardly revised level in the week ended October 3rd. The report said initial jobless claims edged down to 197,000, a decrease of 2,000 from the previous week’s revised level of 199,000. Source link
Canadian shares face weakness Thursday as Middle East escalation concerns drive oil prices higher. West Texas Intermediate crude jumped 4.8% to $92.52 per barrel amid U.S.-Iran conflict reports. Gold and silver futures show mixed movement. Source link
Oil prices provide a powerful tailwind The biggest change since BP issued its second-quarter guidance has been the strength of the oil market. Brent crude has traded above $100 a barrel amid continuing disruption to energy supplies and shipping through the Strait of Hormuz. On 8 October, Brent rose above $104 as attacks on Gulf
Oil and Yields Squeeze the Equity Cushion From Both Sides What’s happening: Global risk sentiment weakened on Thursday as Brent briefly pushed above $105 on renewed reports of possible US military action against Iran, while the US 10-year Treasury yield returned to around 5.35%, close to levels last seen in 2002. US equity futures fell
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Fed’s Waller says more hikes are needed but can be flexible about the pace, downplays September NFP weakness !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
Australia’s ASX 200 fell 67 points, or 0.8%, to close at 8,661 on Thursday, marking a second consecutive decline and bringing the benchmark near a one-week low. Sentiment weakened after U.S. stock futures retreated, following President Donald Trump’s dismissal of the prospect of a deal with Iran and reports that the U.S. military is preparing
European stocks may drift lower at open on Thursday, with technology stocks likely to be in focus after the Wall Street Journal reported that SpaceX, Broadcom and Oracle were looking to raise money to buy AI chips, leaving investors worried about whether the expected profits will materialize. Source link
There are a couple of expiry levels to take note of on the day, as highlighted in bold below. The first one is for EUR/USD at the 1.1150 level, which sits just a little over 50 pips below the spot price. The expiry level in itself is not anything major, with the size just decently
TL;DR: The US 10-year Treasury yield hit a 24-year high of 5.35% before a strong $39bn auction cleared at 5.30% and pulled heavy demand—evidence that buyers exist near current levels, even as the September FOMC minutes cited AI-related borrowing as a new contributor to rising yields and the technical chart points to a 5.41–5.42% resistance
