Will the US jobs market continue to buckle?
• Mixed markets. Equities in China continue to power ahead, while lower inflation weighed on European/US bond yields. USD near 2024 lows.• AUD holding. AUD remains near the top of the range it has occupied since early-2023. Diverging policy expectations & China stimulus are supportive.• Event radar. China PMIs released today. EZ CPI is out (Tues), while in the US non-farm payrolls rounds out the week. US Fed Chair Powell also speaks. Mixed fortunes across markets at the end of last week with geopolitical and economic forces push and pulling on different asset classes. China’s equity market continued to power...