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US equities ended mixed while treasury resumed their rally following fresh economic data reinforced bets the Fed will cut rates in Q1 of next year. The Dow Jones fell 80 points (-0.22%). Dow down 194 points at worst. S&P 500 ended marginally in the red, down 0.06%, and the NASDAQ gained 0.31%. Treasuries fell after job openings data hit its lowest since March 2021. 10Y yields down 8.2bps breaching 4.2% levels, and the 2Y yield fell 4.6bps to 4.587%. Key non-farm payrolls report out Friday, whichwill offer more insight into the health of the labour market. Bitcoin is up 4.8%, Gold eased 0.48%, and the Aussie dollar fell sharply, down 1.03% to 65.51US Cents. Among stocks, the tech sector outperformed as treasuries dipped Nvidia and Apple gained over 2% each, while Amazon and Telsa rose over 1% each.

ASX to rise. SPI Futures up 27 points (+0.38%).

• Base metals down.  Zinc -1.84%, Aluminium -1.03%, Lead -2.03%, and Tin -0.56%.
• Nickel fell 2.88%, continuing its downward trend on expectations of excess supply.
• Copper is down 1.46%, hitting its lowest level in two weeks after Moody’s cut its outlook on China’s credit rating.
• Dalian Iron ore fell 0.91% on lingering fears over China’s supervision of the markets to ensure price stability.
• Oil prices lower, hovering around five-month lows on a stronger USD and demand concerns. Brent Crude -1.32% and WTI -1.07%.
• 10Y yield: US 4.180%, Australia 4.315%, and Germany 2.249%.

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