Macro Morning

Advertisement

By Chris Becker

A mixed night on overseas markets with risk taking somewhat of a holiday in anticipation of the US mid-term elections, with the USD and bond yields falling while stocks kept treading water. The US ISM services print was very encouraging while Brexit negotiations were cooled once again on the Ireland border question.

There’s two main gambling events on today – the Melbourne Cup and the monthly RBA interest rate meeting. I like Hold..looks like a nice horse.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe