COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1918.90 (-0.01%)
Silver: US$22.917 (-0.13%)
Nickel (3mth): US$20258/t (-0.56%)
Copper (3mth): US$8,223.75/t (-0.23%)
Oil (WTI): US$87.297 (+0.49%)
Oil (Brent): US$90.280 (+0.40%)
Iron 62pc Fe: US$117.50/t (-1.67%)
AUD/USD: 0.6379 (+-0.03%)
Bitcoin: US$25,817.50 (-0.31%)
Australian shares were poised to edge lower with August’s jobs data pending. Stocks were mixed in New York.
ASX futures were down 4 points or 0.1 per cent to 7154 near 6.45am AEST.
- On Wall St: Dow -0.2% S&P +0.1% Nasdaq +0.3%
- In New York: BHP -0.6% Rio -0.1% Atlassian -1.1%
- Tesla +1.4% Apple -1.2% Amazon +2.6% VIX -5.3%
The local currency slipped 0.1 per cent; the Bloomberg dollar spot index edged lower too.
On bitstamp.net, bitcoin was 0.7 per cent higher to $US26,255 at 6.58am AEST.
The yield on the US 10-year note fell 3 basis points to 4.25 per cent at 4.56pm in New York.
On Wall Street, shares were mixed as economists parsed the latest CPI data with details both bolstering the case for a pause at next week’s Fed policy meeting and keep the door open to an increase in November.
Citigroup rose 1.7 per cent after CEO Jane Fraser announced a major management reorganisation that will result in more job cuts and give her greater direct oversight over the bank as she seeks to simplify its structure.
SoftBank Group Corp’s chip designer Arm Holdings was discussing pricing its U.S. initial public offering (IPO) at $US52 per share in a meeting with its investment bankers, Reuters reported.
If this pricing is finalised, it would be above Arm’s indicated $US47-$US51 price range and would raise $US4.97 billion for SoftBank, and it would infer a valuation on Arm on a fully diluted basis of $US55.5 billion.