Ian Reynolds
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Overnight
Economic Indicators Released Overnight
In Australia a big bounce in The Melbourne Institute (MI) Inflation Gauge, which measures the change in the price of goods and services purchased by consumers. The data is designed to mimic the quarterly government-released CPI data. Might sway RBA away from rate cuts again.
In markets equities were marked down in early Asian time bit have bounced now. Still in negative territory though.
US Equity Futures
Breaking
India to maintain Russian oil imports despite Trump threats, government sources say [Reuters]
Bitcoin
A nice bounce for BTC over the weekend suggests no immediate panic for equities. Over $116,500 and we're going to make a new high.
Commodities
The random walk in Oil continues but without any geopolitical events, price action is negative and a close below $67.00 would be very negative.
SPOT BRENT Daily
Foreign Exchange
USD still trying to bounce form long-term support, but the way it gives back gains should suggest cautious longs only.
Equities
ASX lower but no panic and within well defined parameters.
ASX Daily
Bonds.
Bond yields bouncing slightly. That's the long-term support going back to 2021 that yield is below.
US 10 Year Government Bond Yield Daily
Economic Indicators Today
