Bonds/Interest Rates

Australian labour market figures for Otober were stronger than the market had expected and suggest a further 0.25% hike in the cash rate is likely when the RBA meets next month.

Consumer confidence in Australia is becoming more sensitive towards further rate hikes, Westpac economists report.

The Dow was slightly higher last night but the S&P wasn’t, again failing to mark a new high.

NAB’s October Business Survey has made decision makers at the RBA a great deal more uncomfortable with the current low cash rate.

NAB’s monthly Business Survey and Economic Outlook for October showed further gains in both business confidence and conditions, causing upward revisions to its growth forecasts.

As investors embrace the carry trade opportunities provided by the Fed and the G20, the Dow breaks into new territory, up 203. (Locked for subscribers until 10:00 AEDST)

The ANZ Job Ads Series for October showed modest falls, leading the bank to suggest the RBA won’t lift rates again in December.

If the GFC were the Olympics, Australia would be leading the medal count, as it will probably be the only OECD economy to expand this year.

A brief look at important company events and economic data releases next week.

Australia’s exports were stronger than expected but economists suggest a stronger dollar is likely to see the deficit widen in coming months.