Breakfast Briefing – Wednesday 3rd August

US markets fell again overnight, the Dow fell 402 points (-1.2%), following US-China political tensions and hawkish comments from the Fed’s Daly. SPI Futures indicating a soft day of trade ahead, down 11 points (-0.2%).

• ASX 200 SPI Futures down 11 points.
• Dow falls 402 points (1.2%) Caterpillar weighs.
• S&P 500 down 27 points (0.7%)
• Nasdaq down 20 points (0.2%) Paypal soars after hours. Airbnb slumps after hours.
• Base metals ease slightly.
• Oil up 0.5%. Gold slightly higher.
• Iron ore up down slightly.
• US Bond yields rise as pivot comes into question.

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