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24 Oct 2024

Holding steady

• Limited moves. US equities ticked up, while bond yields & the USD eased. AUD treading water just above its 1-year average.• AU CPI. Q3 inflation due next week. Gov. subsidies will see headline CPI fall. But improvement in core inflation should be more limited.• US politics. US election around the corner. Chances of a Trump win have risen. But the result may not be known for days/weeks after the event. Limited moves across markets overnight, although on balance there was a slight improvement in the underlying tone. On the back of a ~22% surge in the megacap Tesla’s share...

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