MarketWatch APAC
US equity markets continued to push higher overnight, with the benchmark S+P 500 posting a fresh record high. Markets were buoyed by weaker ADP employment data as well as the FOMC minutes from June where officials noted the economy as “cooling”. September remains the most likely month for an expected first rate cut by the FOMC.
The S&P 500 Index gained 0.5% to close at 5,537 points and US bond yields were lower causing the US dollar lower again.
The AUD increased to a high above 0.6730, the highest level since January.
Commodities were generally higher, with gold, copper and oil all up.
