US shutdown finally set to end
• Calm markets. Modest moves in US equities while bond yields dipped. AUD & NZD tick up a bit. AUD also firmer on major cross-rates.• US shutdown. US government shutdown looks set to finally end. Delayed US data should be released over coming weeks. This may see vol. increase.• AU jobs. Monthly jobs data released today. Will the surprise lift in unemployment retrace? Solid report would support RBA ‘on hold’ views. Global Trends Modest moves across markets over the past 24hrs. Solid gains in European equities (EuroStoxx600 +0.7%) weren’t replicated in the US with the S&P500 ticking up slightly (+0.1%)...