ASX 200 on pace to give back all of May's gains, rising yields push US stocks lower

LiveWire05-30

ASX 200 futures are trading 52 points lower, down -0.68% as of 8:30 am AEST. Source: Market Index S&P 500 SESSION CHART S&P 500 gaps down and trades within a relatively narrow range...

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}\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 200 on pace to give back all of May's gains, rising yields push US stocks lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-30 06:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-on-pace-to-give-back-all-of-may-s-gains-rising-yields-push-us-stocks-lower><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX 200 futures are trading 52 points lower, down -0.68% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 gaps down and trades within a relatively narrow range...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-on-pace-to-give-back-all-of-may-s-gains-rising-yields-push-us-stocks-lower\">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":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-on-pace-to-give-back-all-of-may-s-gains-rising-yields-push-us-stocks-lower","article_id":"2439568048","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-on-pace-to-give-back-all-of-may-s-gains-rising-yields-push-us-stocks-lower","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2439568048","pubTimestamp":1717021955,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"ASX 200 futures are trading 52 points lower, down -0.68% as of 8:30 am AEST.S&P 500 gaps down and trades within a relatively narrow range through to close . Heavy overnight session with major US benchmarks lower and closing near worst levels. Bond yield backup remains the latest overhang driven by hawkish Fedspeak, firm economic data, soaring commodity prices and supply pressures. Market now only pricing in just 30 bps worth of Fed rate cuts this year, with the probability of a September rate cut down to less than  50%. Nvidia's market cap surges closer to Apple in a major reshuffle of Wall Street's biggest player . Wall Street's favourite recession indicator, the inverted yield curve, is in a slump of its own . ConocoPhillips in advanced talks to buy Marathon Oil in all-stock deal . American Airlines cuts Q2 guidance, shares crater 13% . OpenAI begins training next AI model amid ongoing safety concerns . BHP abandons US$49bn bid after Anglo holds firm rejection, saying the miner had f","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","TCF.AU":"360 CAPITAL MORTGAGE REIT","IFT.AU":"Infratil","BK7134":"工业集团企业","SG9999001143.SGD":"United Gold and General A Acc SGD","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","NEM.AU":"Newmont Corp","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","AFR.AU":"African Energy Resources Ltd","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","TIE.AU":"TIETTO MINERALS LTD","MXT.AU":"Metrics Master Income Trust","LU1223082196.USD":"施罗德环球黄金A Acc","KKC.AU":"KKR CREDIT INCOME FUND","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","BK7044":"建筑材料","LU0368265764.SGD":"Blackrock World Gold Fund A2 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200指数有望回吐5月份的全部涨幅，收益率上升推动美国股市走低","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PIA.AU":1,"GCI.AU":1,"GCI":1,"FT":1,"HNG.AU":1,"IFT.AU":1,"KKC.AU":1,"MOT.AU":1,"MXT.AU":1,"NEM":1,"NEM.AU":1,"TCF":1,"TCF.AU":1,"TIE.AU":1,"TNE.AU":1,"URW.AU":1,"ABC.AU":1,"AFR.AU":1,"XKO.AU":0.85,"XAO.AU":0.85,"XJO.AU":0.85},"content_text":"ASX 200 futures are trading 52 points lower, down -0.68% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\nS&P 500 gaps down and trades within a relatively narrow range through to close (Source: TradingView)\nOVERNIGHT MARKETS\n\n\nHeavy overnight session with major US benchmarks lower and closing near worst levels\n\nBond yield backup remains the latest overhang driven by hawkish Fedspeak, firm economic data, soaring commodity prices and supply pressures\n\nMarket now only pricing in just 30 bps worth of Fed rate cuts this year, with the probability of a September rate cut down to less than  50%\n\nNvidia's market cap surges closer to Apple in a major reshuffle of Wall Street's biggest player (Reuters)\n\nWall Street's favourite recession indicator, the inverted yield curve, is in a slump of its own (WSJ)\n\nINTERNATIONAL STOCKS\n\n\nConocoPhillips in advanced talks to buy Marathon Oil in all-stock deal (FT)\n\nAmerican Airlines cuts Q2 guidance, shares crater 13% (Bloomberg)\n\nOpenAI begins training next AI model amid ongoing safety concerns (Axios)\n\nTesla tells suppliers to start building parts outside of China and Taiwan (FT)\n\nGEOPOLITICS\n\n\nIsrael estimates Gaza war to last another 7 months (Reuters)\n\nIsrael steps up Rafah offensive as tanks enter city's centre (FT)\n\nSecond set of congressional US lawmakers meeting with Taiwan's president as China tensions mount (Axios)\n\nChina's top chipmakers push hard to localise supply of key materials and chemicals to counter US export controls (FT)\n\nECONOMY\n\n\nIMF raises China growth forecasts on strong Q1 GDP and policy support (Reuters)\n\nGerman consumer sentiment recovers further heading into June to reach highest since April 2022 (Reuters)\n\nAustralia's hotter than expected April inflation reinforces RBA's higher for longer stance (Bloomberg)\n\nNew Zealand business confidence softens further but inflation metrics ease (Interest co)\n\n\n\n\n\n\n\n\n\n\n\n\nUS-listed sector ETFs (Source: Market Index)\nASX TODAY\n\n\nASX 200 futures suggest another heavy session following Wednesday's hot CPI-driven selloff\n\nFairly bearish lead-in with all US sectors red, most commodities ticked lower overnight and VIX spiked to a near one-month high\n\nTravel and leisure sector could come under pressure after a downbeat American Airlines earnings result weighed on peers\n\nAustralian beef exporters have had their suspensions from exporting to China removed, a potential tailwind for names like Australian Agriculture Co, Elders (ABC)\n\nBHP abandons US$49bn bid after Anglo holds firm rejection, saying the miner had failed to address its concerns over the “highly complex and unattractive structure (Bloomberg)\n\nDalrymple Bay Infrastructure major shareholder QIC seeking to offload its entire 10.1% stake in the company (AFR)\n\nGeneration Development to raise $60-70m to help fund full acquisition of Lonsec (AFR)\n\nRamelius Resources approached Westgold Resources to discuss merger (AFR)\n\nTietto Minerals holder Mitsubishi UFJ decreases holding from 10.3% to 5.6% (TIE)\n\nBROKER MOVES\n\n\nBendigo Bank upgraded to Buy from Neutral; target up to $12 from $10.40 (BofA)\n\nFisher & Paykel upgraded to Overweight from Market-weight; target up to $30 from $23.25 (Wilsons)\n\nLynas initiated Buy with $8.00 target (Ord Minnett)\n\nNorthern Minerals initiated Hold with $0.03 target (Ord Minnett)\n\nNRW Holdings upgraded to Buy from Overweight; target up to $3.25 from $2.95 (Jarden)\n\nQoria initiated Buy with $0.60 target (Jefferies) \n\n\n\nKEY EVENTS\nCompanies trading ex-dividend: \n\n\nThu 30 May: Technology One (TNE) – $0.05, KKR Credit Income Fund (KKC) – $0.017, Gryphon Capital (GCI) – $0.015, 360 Capital Mortgage REIT (TCF) – $0.035, Pengana International (PIA) – $).014, Metrics Income Opportunities (MOT) – $0.013, Metrics Master Income Trust (MXT) – $0.014\n\nFri 31 May: None\n\nMon 3 June: Newmont (NEM) – $0.268\n\nTue 4 June: None\n\nWed 5 June: Hancock & Gore (HNG) – $0.01, Infratil (IFT) – $0.017\n\nOther ASX corporate actions today: \n\n\nDividends paid: Unibail-Rodamco-Westfield (URW) – $0.147\n\nListing: None\n\nEconomic calendar (AEST):\n\n\n11:30 am: Australia Building Permits (Apr)\n\n10:30 pm: US GDP (Q2)\n\nThis Morning Wrap was written by Kerry Sun.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"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":"4.29.1","shortVersion":"4.29.1","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/2439568048"}