FPG Overnight Headlines 19/10/2022

Overnight headlines 

Australian stocks are expected to start off lower. Although equities were expected to settle higher in New York, choppy trading resulted in big changes as the session went on. 

ASX futures fell 6753 points, or 29 points, or 0.43 percent. 

• Dow + 1.1%, S&P + 1.2% on Wall Street +0.9% Nasdaq
• BHP is down 1% in New York. Rio -0.9% -1.6% for Atlassian
• Tesla +0.4% Apple +0.9% +2.3% on Amazon

Bitcoin’s price on bitstamp.net fell 0.7% to US$19,365. 

At 4.59 pm in New York, the yield on the US 10-year note ended unchanged at 4.01%. 

Even though there was still bumpy trading on Wall Street, shares ended up rising. 

Market movements 

• AUD up 0.3% to US cents 63.10
• Bitcoin decreased 0.7% to US$19,365
• Dow + 1.1%, S&P + 1.2% on Wall Street +0.9% Nasdaq
• Stoxx 50 increased 0.6% in Europe. FTSE +0.2% CAC +0.4% DAX +0.9%
• The price of a barrel of Brent crude decreased by 0.9% to $US90.82.
• Ten-year yield: 4.01% US, 3.91% Australia, and 2.28% Germany10-year yield: US 4.01% Australia 3.91% Germany 2.28%

Today’s agenda 

Final Eurozone September CPI: UK US September home starts and building permits; September CPI; Fed’s Beige Book