Australian shares are poised to open modestly higher, with results pending from Telstra, Origin Energy, ASX and Suncorp, among others. The S&P 500 and Nasdaq Composite each closed at record highs.
Volatility fell to a new year-to-date low. Bitcoin is heading towards an all-time high. US bonds rallied as traders further lifted their bets on a September rate cut. Treasury Secretary Scott Bessent said he sees the potential for US rates to fall as much as 1.75 percentage points in a series of moves.
The probability of at least a quarter of one percentage point reduction at the US Federal Reserve’s mid-September meeting reached 100 per cent, according to the CME’s FedWatch Tool. The probability of a greater than a quarter-point cut was at 6.2 per cent.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-us-bonds-rally-on-rate-bets-20250814-p5mmsl