FxWirePro: Daily Commodity Tracker - 21st March, 2022 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
The Australian bonds remained flat during morning trading hours Wednesday ahead of the country’s labour market report for the month of January, due to be released on February 20 by 00:30GMT.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, hovered around 1.044 percent, the yield on the long-term 30-year bond slipped 1 basis point to 1.638 percent and the yield on short-term 2-year too steadied at 0.749 percent by 04:10GMT.
Risk appetite appeared to struggle overnight, with S&P500 closing lower post-Apple’s earlier guidance warning, and UST bonds bull-flattened with yields generally 2-4bps lower and the 10-year yield at 1.55 percent, OCBC Treasury Research reported.
China reported 132 new deaths to bring the death toll to 2,000, albeit Hubei added 1,693 new cases (lowest since the methodology change last week), the report added.
"Asian markets may start on a firmer tone this morning, taking the cue from a more China-friendly sounding Trump, but the key is whether momentum can sustain", OCBC further noted in the report.
Meanwhile, the S&P/ASX 200 index traded tad 0.33 percent higher at 7,081.50 by 04:15GMT.
