Morning all
Thanks AM crew
A volunteer needed to open the morning thread today and tomorrow is needed @taughtbuffet? or anyone?
SPI futures are 35 points higher at 5189 this morning after US markets finished on a higher note, reversing earlier losses in Europe.
The US Fed released minutes suggesting rates were on hold in the immediate future on worries of the Brexit and a slowdown in new job vacancies.
Fed policymakers also said rate hikes should stay on hold until they have a handle on the consequences of Brexit.
Since the vote, stocks have been volatile on Wall Street, while investors have driven up safe-haven assets such as gold and yields on long-term U.S. debt US30YT have fallen to record lows.
"The money that you’re seeing deployed in the U.S. in my view is a repercussion of people looking to buy the oasis of growth and safe havens in the world, and that is the U.S.," said Nate Thooft, U.S.-based co-head of global asset allocation at Manulife Asset Management in Boston. 1
S&P +.5%
Nasdaq +.7%
Oil $ 47.89 +.83c
Nickel + 3.25%
Copper - .8%
Gold prices ended the U.S. day session higher and hit a 27-month high Wednesday, on more safe-haven demand as risk appetite in the marketplace is on the downswing, post-Brexit vote. Silver prices also saw good gains today, after hitting a two-year high on Tuesday.
Gold $1363
HUI +3.7%
AUD Gold $1812
AUD .7512
Have a good day
1 Reuters
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