Good morning, I’ll be joining you for the next few hours — happy Friday!
ASX futures are pointing higher after what was a fairly flat finish for Wall Street, while tech stocks rose and the Nasdaq closed in positive territory.
The sell off in US government bonds continued overnight, before reversing course somewhat.
Yields rose after the US House of Reps passed Donald Trump’s tax bill, with 30-year Treasury yields spiking to their highest level since 2023, before easing back.
Meanwhile in cryptocurrency moves, Bitcoin hit a fresh high.
Locally, RBA deputy governor Andrew Hauser spoke last night, saying China knew it had a “strong hand” heading into the trade war with the US.
Stick with us for more throughout the day.
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