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MNI US OPEN - RBA Holds at 4.35%, Maintains Hawkish Stance

EXECUTIVE SUMMARY

  • FED’S DALY SAYS ADJUSTMENTS NECESSARY IN COMING QUARTERS
  • MINNESOTA GOV. WALZ SPIKES IN DEMOCRATIC VP BETTING MARKET ODDS
  • RBA HOLDS AT 4.35%, MAINTAINS STANCE
  • JAPAN’S STOCKS RALLY MORE THAN 9% AFTER PLUNGE INTO BEAR MARKET

MNI (LONDON) - Figure 1: Political betting market implied probability of Democratic Party VP candidate (%)

Source: electionbettingodds.com

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EXECUTIVE SUMMARY

  • FED’S DALY SAYS ADJUSTMENTS NECESSARY IN COMING QUARTERS
  • MINNESOTA GOV. WALZ SPIKES IN DEMOCRATIC VP BETTING MARKET ODDS
  • RBA HOLDS AT 4.35%, MAINTAINS STANCE
  • JAPAN’S STOCKS RALLY MORE THAN 9% AFTER PLUNGE INTO BEAR MARKET

MNI (LONDON) - Figure 1: Political betting market implied probability of Democratic Party VP candidate (%)

Source: electionbettingodds.com

Keep reading...Show less