Today’s Announcements & News
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.
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.
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.