Asia markets set to mirror Wall Street’s rise, ahead of Australia’s July inflation numbers


8 Hours Ago

Dollar reaches highest level against the Yen in 2023

The U.S. Dollar is up 0.5% against the Japanese Yen at 147.24, the highest level of the year. This marks the Dollar’s highest level against the Yen back to Nov. 7, 2022 when it traded as high as 147.56 against the yen.

The Nikkei is down -2.85% in August, on pace for the worst month of the year back to Dec. 2022, when the Nikkei lost -6.7%.

The Japan ETF (EWJ) is down almost -4.6% month to date, on pace for the first negative month in six. The decline has been led by Sysmex, Yamaha, Olympus and more, which have lost almost 20% or greater this month.

— Hakyung Kim, Gina Francolla

7 Hours Ago

S&P 500, Nasdaq and Dow all trading above 50-day moving averages

All three major indices are trading above their respective 50-day moving averages on Tuesday.

The S&P 500 is above its 50-day moving average for the first time in nearly two weeks. If this pace is maintained, the S&P 500 could close above its 50-day moving average for the first time since August 14.

The Nasdaq Composite and Dow Jones Industrial Average meanwhile, are both trading above their 50-day moving averages for the first time since August 24.

— Brian Evans, Nick Wells

15 Hours Ago

U.S. Treasury yields fall as investors look ahead to key economic data

U.S. Treasury yields declined on Tuesday as investors braced themselves for a series of key economic data releases due this week that will shed light on the latest developments around inflation and the labor market, and could inform the Federal Reserve’s next monetary policy moves.

At 4:30 am ET, the yield on the 10-year Treasury was down by more than two basis points to 4.1922%. The 2-year Treasury yield was last trading at 4.9979% after falling by over one basis point.

Yields and prices move in opposite directions and one basis point is equal to 0.01%.


US1M U.S. 1 Month Treasury 5.406% +0.024 0.00%
US3M U.S. 3 Month Treasury 5.511% +0.023 0.00%
US6M U.S. 6 Month Treasury 5.572% +0.022 0.00%
US1Y U.S. 1 Year Treasury 5.393% -0.004 0.00%
US2Y U.S. 2 Year Treasury 4.913% +0.023 0.00%
US10Y U.S. 10 Year Treasury 4.137% +0.015 0.00%
US30Y U.S. 30 Year Treasury 4.245% +0.008 0.00%

7 Hours Ago

Apple sends invites for Sept. 12 launch event

Apple just sent out invites for its September press event, where it’s expected to announce the iPhone 15 and new Apple Watches.

The new iPhone models, likely branded as the iPhone 15, are expected to use a USB-C charging port. Some of the new devices Apple debuts could be made out of titanium, according to reports.

Shares of Apple were up nearly 2% on the day.

— Yun Li, Kif Leswing

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