20/01/2023
Today’s Announcements & News
Australia
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ASX 200 rallied to the highest since April 2022 as miner stocks rose on strong production numbers and positive guidance. Its stock markets have also been buoyed by a sharp decline in Australian bond yields due to an unexpected jump in the unemployment rate. Australian dollar is getting down due to the same reason.
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United States
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Wall Street bounced finished lower after Fed Governor Lael Brainard said to stay course in rate hikes. The US bond yields climbed higher on the comments but still at a multi-month low level, sending the US dollar lower, while commodity prices rose further on supply concerns as China reopens.
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Commodities
Crude oil futures gains on demand optimism as the positive when China’s economic recovering and lifting growth-sensitive commodity prices.
Gold price surged nearly 20% from November low as the US bond yields fell sharply.Gold futures spiked to the highest level seen in April 2022.