Daily Market Briefing, Asia Pacific

• Marking time. Markets essentially in a holding pattern ahead of tonight’s US jobs report. Easing French political concerns support EUR.• US jobs. Non-farm payrolls in focus. Reaction likely to be binary with stronger (weaker) data likely to support (weigh) on the USD.• AUD trends. AUD has clawed back some ground. US jobs report is a near-term risk event. RBA meets on Tuesday. US Fed meets the week after. With little new information to move the dial markets have essentially been in a holding pattern ahead of tonight’s US jobs report. European equities ticked higher (EuroStoxx600 +0.4%) while the major...

• Positive vibes. Equities power ahead. USD treads water. AUD underperforms. US data solid but not spectacular overnight.• AUD tumbles. Weaker than expected GDP weighs on AUD. Growth has slowed across the private sector but the level of activity is still high.• Policy impulse. RBA should hold steady next week. Upcoming US jobs report could impact market pricing for a December Fed rate cut. Global political ructions have continued but the direct market impact has been minimal. In France, as widely expected, a no-confidence vote in Parliament triggered a collapse of the government. France faces a month-end deadline to sort...