ASX Rebounds on Bond Buyback Relief, But Reporting Season Winners and Losers Emerge

The ASX 200 futures are pointing to a gain of 27 points (0.3%) to 9034, snapping a six-session losing streak after the US Treasury announced it will double its planned purchases of longer-dated bonds from September through November. This intervention drove the US 10-year yield down 6 basis points to 4.64%, stabilising global financial markets. Gold surged 4.3% to US$4,522 an ounce, providing a massive tailwind for gold miners like Evolution Mining, which delivered a...