1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The local market is set to open lower with ASX futures off by 0.5%. This comes as global stocks were mostly higher overnight, while gold and silver prices plunged.
US stocks were mixed with the Dow boosted by solid earnings results, while microchip stocks dragged the Nasdaq lower and the S&P 500 finished flat. Netflix missed Wall Street third-quarter earnings targets because of an unexpected expense from a dispute with Brazilian tax authorities. Its operating margin for the third quarter came in at 28%, while it forecasted a fourth quarter revenue of $11.96 billion, slightly above expectations.
President Trump has said that a forthcoming meeting with China’s President Xi at the APEC summit in South Korea later this month would result in a “good deal”, but then added that the talks may not eventuate.
US Treasuries rose for a second straight session on Tuesday, pushing their yields lower with a perceived easing of US-China trade tensions helping support bids for Treasuries. The US dollar index is up 0.4% on the day, meanwhile the Australian dollar is back below 65 US cents.
