Australian bonds slump after U.S.-China trade tension disturbs investors once again; Sep labour report disappoints
Fed’s dovish stance and balance sheet re-expansion likely to weigh on dollar in months ahead, says Scotiabank
EM Asian currencies likely to prop up as U.S. and China remain on track to reach a partial trade deal, says Scotiabank
Swedish jobless rate remains unchanged at 7.4 pct in September, wage growth unlikely to pick up soon
Australian bonds flat in muted session after market sentiments improve following breakthrough Brexit deal
Australia’s rise in September employment remains smallest in seven months; jobless rate likely to drift higher in near-term
U.S. retail sales likely to have grown 0.3 pct in August
U.S. retail sales data for the month of August is set to release tomorrow. According to a TD Economics research report, retail sales are likely to have risen 0.3 percent, a slowdown from 0.7 percent recorded in the prior month. The key control group is likely to have recorded a growth of 0.4 percent sequentially.
A stable rise in core sales and a small recovery in auto purchases should more than counter a fall in sales at gasoline stations, which shows a marked fall in gasoline prices in August, added TD Economics.