Asian shares, gold rise on US shutdown watch; crude falls [Yahoo! Finance Canada]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance Canada
The Australian dollar held gains before a meeting by the Reserve Bank of Australia where it is expected to hold pat on policy. Oil fell on prospects for increased production from OPEC+, while China's manufacturing activity shrank for a sixth month in September, official data showed. U.S. Vice President JD Vance said the government appeared "headed to a shutdown" after little progress in budget talks between President Donald Trump and Democratic opponents. A government closure would halt the publishing of critical employment numbers later this week, putting the spotlight on the Labor Department's JOLTS report on August job openings due later on Tuesday. "It does look as though markets are bracing themselves for the likelihood that we will see a shutdown," Ray Attrill, the head of FX research at National Australia Bank, said on a podcast. "If we know we're not going to get the payrolls numbers, it will just shine a brighter spotlight on the numbers that we do have." MSCI's broa
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- Asian Stocks Extend Global Rally As Data Boost Rate Cut Hopes [Barron's]Barrons
- Australia's consumer inflation accelerates to 3.8% in October, beating estimates [CNBC]CNBC
- Dollar poised for weekly loss as markets sail into data fog [CNBC]CNBC
- Asian markets up on hopes over shutdown deal, rate cut [Yahoo! Finance]Yahoo! Finance