ASX to dip ahead of jobs report; Stimulus stand-off saps Wall St

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Summary

  • Wall Street dropped again overnight as stalled stimulus talks continued to frustrate investors. Rising virus case numbers in the US and Europe also weighed on sentiment
  • SPI futures are down 0.2% and hint at an early slide for the ASX 200
  • RBA governor Philip Lowe is set to deliver a speech at 9am AEDT titledĀ The Recovery from a Very Uneven Recession. He is speaking at the Citi Australia and New Zealand Annual Investment Conference
  • September Labour Force data is due from the ABS at 11.30am AEDT. Unemployment is tipped to rise by 40,000 and the unemployment rate lift from 6.8% to 7%

Latest updates

Good morning

G’day everyone, and welcome to a new day with Markets Live. We’ve got a bit happening today, with local jobs data and a 9am Philip Lowe speech keenly anticipated. A weak open is tipped for the ASX.

Alex Druce will be guiding you through the news today. Drop him a comment if you spot something, or if you have a question!

This blog is not intended as financial advice.

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