Aussie retail slowdown, ongoing trade uncertainty and US jobs numbers to come

All eyes tonight will be on the US non-farm payrolls data. Expectations are mixed, with a weaker ADP employment reading earlier in the week, but a fall in jobless claims overnight. NAB’s Tapas Strickland says a rise in employment could ease pressure on the Fed to cut rates early next year. Phil Dobbie asks whether it could also remove the need for President Trump to rush into reaching a trade deal with China. When and if that will happen continues to play on equity markets, just as the pound continues to be driven by expectations on next week’s UK election result.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top