10/02/2023
Today’s Announcements & News
AU RBA Statement on Monetary Policy at 11.30am AEDT
NZ BusinessNZ manufacturing PMI January at 8.30am AEDT
China January CPI and PPI at 12.30pm AEDT
UK fourth quarter GDP at 6pm AEDT
US consumer sentiment February preliminary
Asia
Australian shares were set to edge lower. ASX futures down 26 points or 0.35% to 7391 near 8.30am AEDT.
As a swift and broad rally in Asian stock markets after China’s reopening from COVID curbs peters out, investors are targeting beaten down stocks in sectors including retail, hospitality and technology to lead a narrower advance from here. since China accounts for more than 20% of exports from the Association of Southeast Asian Nations, a recovery in China will lift up growth of the entire region.
United States
US judge has extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried’s ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges.
Tesla more than doubles from early January low Retail investors have poured into the electric-vehicle maker during the last six weeks, though some strategists see potential near-term resistance.
Commodities
The U.S. Environmental Protection Agency, based on its independent calculation, “continues to work from this initial estimated discharge volume” of 14,000 barrels, a spokesperson said.
The spill, among the biggest in recent years, had hampered deliveries of Canadian crude both to the U.S. storage hub in Cushing, Oklahoma and to the Gulf, where it is processed by refiners or exported.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.
