China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
The Australian government bonds remained mixed during Asian trading session Wednesday ahead of the country’s employment report for the month of August, scheduled to be released on September 19 amid ongoing geopolitical tensions in the Middle East and upcoming Fed’s monetary policy meeting later today.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.136 percent, the yield on the long-term 30-year bond edged barely 1 basis point higher to 1.723 percent and the yield on short-term 2-year slipped 1 basis point to 0.871 percent by 04:20GMT.
Global risk appetite should be supportive going into the FOMC policy decision tonight. The New York Fed has injected liquidity to calm the repo market, while Saudi Arabia has partially restarted production at the damaged Abqaiq oil plant and assured that capacity will normalise by the end of the month, OCBC Daily Treasury Outlook reported.
The S&P500 index edged higher, while UST bonds also gained in anticipation of the Fed’s 25bp rate cut tonight, which saw the 10-year yield close at 1.80 percent, the report added.
"Asian markets may open a tad firmer this morning but remains likely to tread water ahead of the deluge of central bank meetings including FOMC tonight, followed by CBC, BOE, BOJ and BI tomorrow," OCBC further commented in the report.
Meanwhile, the S&P/ASX 200 index edged tad -0.33 percent to 6,665.50 by 04:25GMT.
