ASX 200 Live Today - Tuesday, 29th September
The S&P/ASX 200 is set for a flattish open as the US 10-year yield continues to climb near-two decade highs. Here are today's top stories.
Welcome to our live ASX coverage for Tuesday, September 29. Expect a high volume of posts pre-market and more periodic updates throughout the day. We'll be wrapping the blog up around 2:00 pm AEST. Let us know how we can make it even better.
Good morning!
[8:20 am] ASX 200 futures are up 6 pts (+0.06%). Here's what happened overnight:
Major US benchmarks finished broadly lower, but off worst levels as a US-Iran stalemate revived oil-driven inflation fears
S&P 500 (-0.77%), Nasdaq (-0.92%), Dow (-0.67%) and Russell 2000 (-0.69%)
S&P 500 still within 1.5% of its 13 August record close, while the Russell 2000 has tumbled 8.1% from its 14 August record
US 10-year yield hit 5.24%, its highest since 2007, and gold tumbled below US$4,150 as traders ramped up bets on an October Fed hike, with odds now sitting at 70.9% for another 25 bp hike
Nvidia lifted its buyback by a record $150bn to $235bn while AI build-out stocks fell after OpenAI paused training of its newest models
