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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
The focus of the week in Australia is likely to be RBA commentary and the September labour force report.
- On Tuesday, RBA Deputy Governor Bullock is scheduled to speak at the Australian Finance Industry Association annual conference at 11.05AEDT. This will be followed by the minutes from the October 4 RBA meeting. Given the surprise 25bp move, the minutes could be more on the dovish side and likely to be studied for more detail on the Board’s reasoning.
- The MI/Westpac leading indicator for September is published on Wednesday. August marked the third consecutive fall and brought the 6-month annualised growth rate into negative territory for the first time since January. Further monetary tightening and the deteriorating global outlook are likely to weigh on the index again this month.
- September employment data is released on Thursday. Another moderate gain of 25k is expected after 33.5k last month, which should keep the unemployment rate steady at 3.5%. A result around this mark is unlikely to change the RBA’s 25bp per meeting stance.
Australia's tight labour market
Source: MNI - Market News, ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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