Sydney Open Briefing: Tuesday, August 4, 2026

Sydney opens with a generally positive tone following a strong overnight session for US equities, with the USTEC up +1.69% and the US500 gaining +0.95%. This sentiment appears to be supported by robust US manufacturing data released overnight. The risk meter currently stands at +0.10, indicating a slight risk-on bias. The Japanese Yen leads currency strength over the past 24 hours at +0.47%, followed by the US Dollar at +0.24%, while the Australian Dollar is the weakest at -0.24%.

Overnight, several key economic releases provided market impetus. US ISM Manufacturing data showed strength, with New Orders at 56.7, exceeding consensus by +0.7%. ISM Manufacturing Employment registered 52.8, a significant +8.6% surprise, and ISM Manufacturing Prices Paid came in at 71.1, surprising by +8.2%. The S&P Global Manufacturing PMI for Mexico also outperformed, reaching 51.3 against a consensus of 50.1. US Treasury bill auctions saw the 6-Month yield at 3.855% and the 3-Month yield at 3.75%.

Looking ahead in the session, traders will monitor the 10-Year JGB Auction from Japan at 03:35 UTC, which previously yielded 2.729%. Later, the Spain Unemployment Change is due at 07:00 UTC, with a consensus of -50.784K, and Brazil’s FIPE CPI m/m at 08:00 UTC, with a consensus of 0.31%.

The 10-Year JGB Auction is the most immediate item for market participants to observe.

Scheduled this session (High and Medium impact)

Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.