He says and hands power back to brussels. To braceg warns china for a long struggle. President trump says a trade deal will be far tougher if he is reelected. Shery a quick check of how markets closed in the u. S. After being back from a long holiday weekend. Started firmly in the red. We had brexit concerns and trade tensions as well. The dow and nasdaq lost more than 1 . Tech and industrials leading the declines. The s p 500 showing its first loss in four sessions. We continue to see these concerns, not to mention that u. S. Factory numbers that we got during the morning session, we also saw the worst contraction in about three years. Treasury yields were under pressure. U. S. Futures at the moment not doing much but we have plenty of data coming out on asia as well. Let see how things are shaping up there. Selina that contraction in the u. S. Factory is a reminder of how fragile markets are amid the trade war. The futures market pointing to a mixed and muted market. Dataso saw some
The central bank is not confident that inflation is on track to fall within its target range in the next couple of years, according to the minutes of its recent meeting.
The RBA board will break new ground this week, by meeting on a Monday, holding a press conference and releasing its full economic forecasts earlier than usual.
The latest CPI data cemented expectations of an RBA policy hold next week, but the central bank may reiterate it is ready to lift rates again if necessary.