China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
The Australian government bonds opened on a higher note on the first trading day of the week Monday, tracking a similar movement in the United States Treasuries following global economic concerns, after employment data in the U.S. disappointed market sentiments.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, slumped 2 basis points to 0.878 percent, the yield on the long-term 30-year bond suffered 2-1/2 basis points to 1.491 percent and the yield on short-term 2-year too traded 2 basis points lower at 0.617 percent by 04:25GMT.
News that Chinese officials are narrowing the scope of trade negotiations for the upcoming trade talks with the US this week to exclude commitments to reform Chinese industrial policy and government subsidies may add to market jitters to start the week, OCBC Treasury Research reported.
This may take the shine off Friday’s US labour market report which saw September nonfarm payrolls disappointing at 136k (with manufacturing payrolls shrinking for the first time since March by 2k), albeit with a +45k upward revision for the previous two months data and the unemployment rate hitting a 50-year low of 3.5 percent, whilst average hourly earnings were muted at zero percent m/m (2.9 percent y/y), the report added.
Meanwhile, the S&P/ASX 200 index remained flat at 6,495.50 by 04:30GMT.
