On bitstamp.net, bitcoin was -0.6% to $US16,602In New York: BHP -0.1% Rio -0.2% Atlassian -4.1%Spot gold -0.2% to $US1,789.22 /oz at pm in New York10-year yield: US 3.59% Australia 3.53% Germany 2.20%Millions of Twitter users asked Elon Musk to step down as head of Twitter in a poll on the platform that the billionaire had created and promised to abide by.P 500 fell and the tech-heavy Nasdaq 100’s losses surpassed 1 per cent.
Energy firms and miners added 2.9 per cent and 0.7 per cent, respectively, tracking upbeat oil and copper prices higher as loosening COVID curbs in top-consumer China aided demand recovery hopes.“It’s a relief that with Christmas approaching, the worst of the bad news is over for now and that we are not going to get any more bad vibes from central banks,” said Stuart Cole, head macro economist at Equiti Capital.
Yields on 10-year gilts jumped as much as 16 basis points to 3.48 per cent on Monday, the highest since early November. Yields on the debt have fallen only once in the past eight sessions. Managers of domestic mutual funds and wealth management products offloaded 1.3 trillion yuan of bonds from the interbank market last month, the most on record, according Bloomberg calculations based on Chinabond and Shanghai Clearing House data going back to 2017.
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Source: FinancialReview - 🏆 2. / 90 Read more »