23th November 2022 Market Updates
FPG Fortune Prime Global Overnight headlines


Overnight headlinesÂ
As investors appear to be focusing on chances that US officials would pivot to modest rate-rising actions as early as next month, Australian equities are likely to advance, supported by gains in New York.Â
ASX futures increased by 58 points (0.81%) to 7251.Â
• Dow up 1.2% on Wall Street S&P +1.4% +1.4% NasdaqÂ
The Dow reached 34,000 points at the close, up 398 points. Energy drove gains across all 11 S&P 500 sectors, pushing the index past the 4000 point mark.Â
After Saudi Arabia stated that OPEC+ was not considering a production increase, the price of oil continued to recover.Â
The local currency increased by 0.6%, moving closer to US66.5; the Bloomberg dollar spot index decreased by 0.5%.Â
Bitcoin traded 1.8% higher at $US16,081 after falling under $US15,600 on the previous day.Â
The 10-year US Treasury yield decreased 7 basis points to 3.76 percent.Â
In a report on the state of the world economy, the OECD took a sombre stance in keeping with warnings to investors from an increasing number of banks that profit margins are likely to fall next year. Â
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Market movementsÂ
On Wall Street: Dow +1.2% S&P +1.4% +1.4% NasdaqÂ
Bitcoin +1.8% to $US16,081Â Â
AUD +0.6% to 66.46 US cents Â
Stoxx 50 increased 0.5% in Europe, FTSE up 1%, CAC up 0.4% DAX +0.3%Â
Spot gold increased by 0.1% to US$1739.15/oz;Â Â
Brent crude increased by 2.4% to US$89.53/b;Â Â
iron ore decreased by 2.1% to US$94.20/t;Â Â
The 10-year yield was US$3.76%, 3.59% Australia, Germany 1.97%Â
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Today’s agendaÂ
Local:Â RBNZ decision on policyÂ
Overseas data:Â Markit services and manufacturing PMIs for the US, UK, and Eurozone; US October orders for durable goods; US October new home sales; and US November consumer sentimentÂ