ASX to open higher; US bonds hit fresh 15-year highs

The Australian Financial Review2023-08-22

Australian shares are set to open slightly up as the Nasdaq lifted Wall Street. US Treasury bonds hit a 15-year high. Seven London banks slashed their growth forecasts for China as the world’s second-...

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Seven London banks slashed their growth forecasts for China as the world’s second-...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-open-higher-us-bonds-hit-fresh-15-year-highs-20230818-p5dxgs\">Source Link</a>\n\n</div>\n","source":"afr_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX to open higher; US bonds hit fresh 15-year highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX to open higher; US bonds hit fresh 15-year highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-22 03:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/markets/equity-markets/asx-to-open-higher-us-bonds-hit-fresh-15-year-highs-20230818-p5dxgs><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australian shares are set to open slightly up as the Nasdaq lifted Wall Street. US Treasury bonds hit a 15-year high. Seven London banks slashed their growth forecasts for China as the world’s second-...</p>\n\n<a href=\"https://www.afr.com/markets/equity-markets/asx-to-open-higher-us-bonds-hit-fresh-15-year-highs-20230818-p5dxgs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7511","symbol_name":"ESG概念","start_time":0,"source_url":"https://www.afr.com/markets/equity-markets/asx-to-open-higher-us-bonds-hit-fresh-15-year-highs-20230818-p5dxgs","article_id":"2361195506","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2361195506","pubTimestamp":1692644700,"sourceInfo":{"source_id":"afr_stock","name":"The Australian Financial Review"},"weMediaInfo":null,"summary":"Australian shares are set to open slightly up as the Nasdaq lifted Wall Street. US Treasury bonds hit a 15-year high. 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US Treasury bonds hit a 15-year high. Seven London banks slashed their growth forecasts for China as the world’s second-largest economy continued to slump.ASX futures up 14 points or +0.2% to 7076 near 5am AESTTuesday’s reporting schedule includes: Alumina (AWC) | BHP (BHP) | Coles Group (COL) | G8 Education (GEM) | Hub24 (HUB) | Ingenia (INA) | Kogan (KGN) | Megaport (MP1) | Monadelphous (MND) | Monash IVF (MVF) | Nanosonics (NAN) | Redbubble (RBL) | Scentre Group (SCG) | Viva Energy (VEA) | Woodside (WPL)The Australian dollar was flat to 64.09 US centsBitcoin was -0.32% to $US26,030 at 4am AESTOn Wall Street, the Nasdaq was up more than 1% on Monday, and S&P 500 was also higher in afternoon trading, with shares of Nvidia jumping more than 6% as investors were optimistic ahead of its earnings due late on Wednesday.Two top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession.While Morgan Stanley’s Michael Wilson — a stalwart equity bear — says sentiment is likely to weaken further if investors are starting to “question the sustainability of the economic resiliency,” his counterpart at Goldman Sachs, David Kostin, says there’s room for investors to further increase exposure if the economy stays on course for a soft landing.The 10-year Treasury hit 4.35%, the highest since November 2007 - before the collapse of Lehman Brothers almost a year later fully ushered in the Great Financial Crisis.“People are starting to get worried about the [bond] sell-off and are looking ahead to [Federal Reserve Chair Jerome] Powell and what he says later this week about peak rates,” said Principal Global Investors’ chief global strategist, Seema Shah.Oil rose for a third day as signs the physical market is tightening offset growing demand risks in China and the US.Global benchmark Brent traded above $85 a barrel and is up more than 2% since last Wednesday’s close. The most immediate parts of the oil futures curve are pointing to tight supplies as curbs from OPEC+ linchpins Russia and Saudi Arabia help propel crude prices higher.AdvertisementToday's agendaNo local dataOverseas data: South Korea consumer confidence; UK July public sector borrowing; US July existing home sales and Richmond Fed Index AugustOther top storiesAustralia set for weakest growth since WWII over next 40 years The latest Intergenerational Report forecasts annual average growth 0.9 percentage points lower than the average annual growth of the past 40 years.AUKUS subs deal ‘could worsen US shortfall, blunt China deterrence’ A report for US politicians warns that AUKUS could worsen submarine shortages, fail to deter China and increase the risk of enemies stealing military secrets.Advertisement‘My son is not a public figure’: Albanese Prime Minister Anthony Albanese has responded to reports he never disclosed his son’s membership to the exclusive Qantas Chairman’s Lounge.Market highlightsASX futures up 11 points or +0.2% to 7073 near 4.02am AESTAUD flat to 64.09 US centsBitcoin -0.32% to $US26,030 at 4am AESTOn Wall St: Dow -0.3% S&P +0.45% Nasdaq +1.2%In New York: BHP +0.7% Rio +0.7% Atlassian -0.6%Tesla +6.4% Apple +0.6% Amazon +0.9%Stoxx 50 +0.3% FTSE flat CAC +0.5% DAX +0.2%Spot gold +0.3% to $US1,894.93/oz at 1.55pm in New YorkBrent crude -0.4% to $US84.49 a barrelIron ore +0.6% to $US107.45 a tonne10-year yield: US 4.33% Australia 4.26% Germany 2.70%US prices as of 2pm in New YorkUnited StatesJohnson & Johnson lost 2.5% after the healthcare conglomerate said it was expecting to retain a stake of about 9.5% in its newly separated consumer health unit, Kenvue.AdvertisementGoldman Sachs was down 1.3% after the bank said it was weighing the sale of a part of its wealth business.Palo Alto Networks surged 15.7% as the cybersecurity firm forecast late Friday annual billings above expectations.Adam Turnquist, chief technical strategist, LPL Financial: “Volatility has returned right on cue as US equity markets continue to pull back from overbought levels. The recent jump in interest rates has proven to be too much too fast for stocks to absorb, especially for the heavyweight and longer-duration technology sector. Deteriorating economic conditions in China and weak seasonal trends have been additional factors behind the selling pressure.“However, don’t panic, pullbacks are completely normal within a bull market. With volatility comes opportunity, and as valuations reset, overbought conditions recede, and support is found, we believe a buying opportunity back into this bull market will present itself over the coming months.”ChinaAdvertisementChina is facing a “downward economic spiral” amid a mounting crisis in its debt-laden property sector, analysts have warned.Seven London banks slashed their growth forecasts for the world’s second-largest economy on Monday after what was dubbed “disappointing” and “piecemeal” support measures from the central bank.It comes amid growing concerns about a crisis in China’s huge property sector, which is struggling under the weight of huge debts as interest rates rise. A crunch in the industry has hit growth and contributed to the country falling into deflation. A fifth of young people are also out of work.Economists at Zurich said in a note: “China’s downward economic spiral continues, with the property market at its core.”“We see an urgent need for more convincing, proactive government support to tackle the vicious cycle.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2361195506"}