ASX to fall amid US rates, inflation focus

ASX 200 futures are down 0.5 per cent to 7183.Investor focus will be firmly on the US economy with inflation data due out on Tuesday night (AEDT), followed by the Fed’s interest rate decision on Thursday morning. UK and NZ GDP data will also be closely watched along with the European Central Bank’s rates move.Locally, RBA governor Philip Lowe’s speech on Wednesday at the AusPayNet annual summit – following the release of September quarter labour force data by the ABS on Tuesday – will be of interest. On Wall Street, the S&P 500 closed 0.7 per cent lower on Friday, the technology-focused Nasdaq index shed 0.7 per cent and the Dow Jones Industrial Average closed 0.9 per cent lower.US 10-year bond yields rose to 3.59 per cent and the two-year yields lifted to 4.34 per cent. Oil prices fell in volatile trade with the global benchmark Brent crude down 0.1 per cent to $US76.10 per barrel and US Nymex off 0.6 per cent to $US71.02 per barrel.The gold futures price rose 0.5 per cent to $US1810.70 an ounce while iron ore futures lifted 0.9 per cent to $US110.48 per tonne. The Aussie dollar was near US67.95c at the US close.

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December 12, 2022 at 01:04AM
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ASX 200 futures are down 0.5 per cent to 7183.Investor focus will be firmly on the US economy with inflation data due out on Tuesday night (AEDT), followed by the Fed’s interest rate decision on Thursday morning. UK and NZ GDP data will also be closely watched along with the European Central Bank’s rates move.Locally, RBA governor Philip Lowe’s speech on Wednesday at the AusPayNet annual summit – following the release of September quarter labour force data by the ABS on Tuesday – will be of interest. On Wall Street, the S&P 500 closed 0.7 per cent lower on Friday, the technology-focused Nasdaq index shed 0.7 per cent and the Dow Jones Industrial Average closed 0.9 per cent lower.US 10-year bond yields rose to 3.59 per cent and the two-year yields lifted to 4.34 per cent. Oil prices fell in volatile trade with the global benchmark Brent crude down 0.1 per cent to $US76.10 per barrel and US Nymex off 0.6 per cent to $US71.02 per barrel.The gold futures price rose 0.5 per cent to $US1810.70 an ounce while iron ore futures lifted 0.9 per cent to $US110.48 per tonne. The Aussie dollar was near US67.95c at the US close.