- Dow: 18240 -28 (-0.15%)
- S&P 500: 2153 -7 (-0.33%)
- SPI 200 Futures (December): 5,458 +8 (+0.1%)
- AUDUSD: 0.7603 +0.0018 (+0.23%)
6 Things Aussie Traders Will Be Talking About Today.
US non-farm payrolls Friday were weaker than expected at 156,000 and the unemployment rate rose to 5.0%.
But an increase in August payrolls offsetting September’s miss means that the odds of a Fed hike in December actually crept a little higher.
That put a little downward pressure on stocks in the US. But after a strong week of gains, the US dollar and 10-year bond rates dipped a tiny bit into the holiday weekend.
Australian stocks are tentatively pointing to a positive open with the December SPI 200 futures closing up 8 points on Saturday morning. But the rally in the Aussie and Kiwi dollars, along with the push higher in USDJPY, suggest that perhaps expectations of a Clinton victory in today’s debate could see a risk-on tone in Asia today which could help stocks.
Gold climbed off the mat Friday after trading down to $1241 an ounce, the pound settled after its collapse in Asia, and oil drifted.
Here’s the scoreboard (7.50am):
