Overview

• The Dow, S&P 500 and Nasdaq logged a second straight day of record closes, up 0.4%, 0.5% and 0.7% respectively.
• ASX 200 futures point to an opening gain of about 0.3% at 8,852 as investors watch RBA governor Michele Bullock’s parliamentary appearance.
• Reporting indicates Fed governor Stephen Miran pressed for a larger cut last week and is advocating roughly 150 basis points of cumulative easing.
• The US dollar advanced about 0.3% against major peers as the Australian dollar slipped to just under US$0.66.
• Gold eased from a recent record but remained higher for the week, oil benchmarks fell with Brent down about 1.1% and WTI 1.4%, and Apple climbed 3.2% after a J.P. Morgan upgrade.