- The ADP National Employment Change for September came in at 143K, up from the upwardly revised 103K in the previous month, surpassing the forecast of 120K.
- Market participants have placed the odds of a 25 bps Fed rate cut at 64%, while the chances for a more significant 50 bps cut have diminished to 36%, according to the CME FedWatch Tool.
- Australia’s Judo Bank Services PMI is expected to decrease from 52.5 to 50.6 in September. The latest reading of the Composite PMI was 51.7. A reading lower than expected would suggest a deterioration in business activity.
- The latest Aussie Retail Sales fared better than expected, crushed the 0.4% increase in July and rose 0.7% MoM in August.
- Retail Sales on Tuesday, the primary gauge of Australia’s consumer spending, rose 0.7% MoM in August. This exceeded the market expectations of a 0.4% increase.
- China’s business activity has deteriorated, which has led to increased stimulus from the People’s Bank of China (PBoC) and the Politburo.
- To stimulate the economy, the PBoC cut loan rates, reduced bank reserve capital requirements and even lowered property down payments. If China’s economy continues to print deflationary readings, it could miss its Gross Domestic Product (GDP) 5% goal for 2024.
- The ADP National Employment Change for September came in at 143K, up from the upwardly revised 103K in the previous month, surpassing the forecast of 120K.
- Market participants have placed the odds of a 25 bps Fed rate cut at 64%, while the chances for a more significant 50 bps cut have diminished to 36%, according to the CME FedWatch Tool.
- Australia’s Judo Bank Services PMI is expected to decrease from 52.5 to 50.6 in September. The latest reading of the Composite PMI was 51.7. A reading lower than expected would suggest a deterioration in business activity.
- The latest Aussie Retail Sales fared better than expected, crushed the 0.4% increase in July and rose 0.7% MoM in August.
- Retail Sales on Tuesday, the primary gauge of Australia’s consumer spending, rose 0.7% MoM in August. This exceeded the market expectations of a 0.4% increase.
- China’s business activity has deteriorated, which has led to increased stimulus from the People’s Bank of China (PBoC) and the Politburo.
- To stimulate the economy, the PBoC cut loan rates, reduced bank reserve capital requirements and even lowered property down payments. If China’s economy continues to print deflationary readings, it could miss its Gross Domestic Product (GDP) 5% goal for 2024.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
喜欢的话，赞赏支持一下
