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28 Sep 2025

28 Sep 2025

US government shutdown looming

• Risk uptick. US equities ended a 3-day losing streak on Friday. USD eased back. AUD & NZD tick up. No change expected by RBA this week.• US shutdown. US politics in focus with another shutdown looming. Last minute deal needed. A shutdown could see US data releases put on hold.• Event Radar. In addition to the risk of a US government shutdown the RBA meets (Tues). China PMIs also out (Tues) as is Eurozone CPI (Weds). Global Trends A more positive tone across markets at the end of last week. US and European equities rose on Friday with the...

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