Australian Morning Focus

Global equity markets are struggling following a tech-sector sell-off and rising hawkish sentiment from the new Fed Chair. Commodity markets, including gold and base metals, have also faced pressure amid reduced risk appetite.

Key Takeaways

• 1.Global equity markets faced a sell-off led by technology stocks due to valuation concerns ahead of earnings.
• 2.The AUD/USD pulled back as market risk sentiment weakened following the tech stock decline.
• 3.New Fed Chair Kevin Warsh adopted a hawkish tone, prioritizing price stability over low interest rates, impacting gold and rate expectations.

Table of Contents

• Highlights
• Today (AEST)
• Global markets overview
• Data/event pulse
• Key themes and views
• Market at 6:45am today
• Key data releases
• What's ahead today
• Commodities
• Change* since 4pm last trading day

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