The US job creation engine came back to life in November after October’s strike- and hurricane-related slowdown, but the rebound likely wasn’t strong enough to derail the Federal Reserve’s easing plans. According to data just released by the Bureau of Labor Statistics, 227,000 jobs were added in the month – topping the 220,000-consensus forecast – and October’s headline print was revised...

• Marking time. Markets essentially in a holding pattern ahead of tonight’s US jobs report. Easing French political concerns support EUR.• US jobs. Non-farm payrolls in focus. Reaction likely to be binary with stronger (weaker) data likely to support (weigh) on the USD.• AUD trends. AUD has clawed back some ground. US jobs report is a near-term risk event. RBA meets on Tuesday. US Fed meets the...

• Positive vibes. Equities power ahead. USD treads water. AUD underperforms. US data solid but not spectacular overnight.• AUD tumbles. Weaker than expected GDP weighs on AUD. Growth has slowed across the private sector but the level of activity is still high.• Policy impulse. RBA should hold steady next week. Upcoming US jobs report could impact market pricing for a December Fed rate cut. Global...

The dollar is pushing higher, Treasury yields are steadying, and equity futures are advancing as the French government moves closer to collapse and Federal Reserve chair Jerome Powell prepares to deliver potentially market-moving remarks later this morning. The Korean won plunged yesterday when President Soon Suk Yeol shocked citizens by declaring martial law for the first time in 40 years, deploying...