All quiet ahead of the RBA
• US holidays. Limited market moves with the US on holiday. The major currencies are little changed from where they ended last week.• RBA today. No change in rates expected at Governor Lowe’s last meeting at the helm. But a mild conditional tightening bias is likely to be maintained.• AU GDP. Q2 GDP released tomorrow. A large inventory drawdown suggests there is a risk of a negative print. More inputs are released today. With the US on holiday and no major data or events of note elsewhere it has been a quiet start to the week for markets. European equities...