30 October 2017

Bassanese Bites: $A maintains the range! – Week beginning: 30 October 2017

Global stocks continued to inch ahead last week – still pushing record highs – on the back of ongoing positive US earnings reports and global economic data.  All up, US economic data still appears to be rebounding nicely after being negatively affected by recent hurricanes, and this should be affirmed by a strong rebound in October payrolls this Friday (market + 315K).  Also of interest this week will be any signs of much firmer wage growth in either Friday’s payrolls report or Tuesday’s Q3 employment cost index.

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