Current Market Moves and Headlines

RBA cuts more than expected, hits AUD crosses. Worst ISM in 26 years so far fails to dent US stocks or the USD.

Long bonds rally again yesterday, boosting the JPY. US election drama this evening - tough to gauge potential reaction.

MAJOR HEADLINES – PREVIOUS SESSION

• Australia Cash Target lower -75 bps to 5.25% vs. -50 bps expected.
• Switzerland Oct CPI out at 0.5% YoY vs. 0.4% expected

THEMES TO WATCH – UPCOMING SESSION

Events Today:

• Norway Oct. PMI (0800)
• UK Oct. Construction PMI (0930)
• EuroZone Sep. PPI (1000)
• US Sep. Factory Orders (1500)
• US Weekly ABC Consumer Confidence (2200)
• Australia Oct. AiG Performance of Service Industry (2230)
• UK Oct. Nationwide Consumer Confidence (0001)
• Australia Sep. Trade Balance (0030)
• Australia Sep. Building Approvals (0030)

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