Shifting Fed views
• Positive vibes. Global equities pushed higher with markets factoring in a series of US Fed rate cuts. USD softer. AUD & NZD edge a little higher.• AU jobs. Volatile employment report released today. Labour demand is cooling. Will the AU jobs data rebound or is a new (weaker) trend forming?• US data. Producer prices & jobless claims out tonight. US retail sales & import prices due Friday. US Fed expectations (& the USD) may be impacted. Global Trends There was limited top tier economic data released overnight. As a result, market sentiment was driven by a few US Fed...