This week’s commentary is out early due to the long weekend.
With little data out last week it was difficult to pick out something to write about so. Instead, we’ve provided some insight into the pending AFL Grand Final – we will return to our financial focus next week when the economic calendar picks up and hopefully provides the market with some new information.
While all the talk this week has been around offshore events (as well as the two big footy codes preparing for grand finals), with increased speculation of a US rate hike in December and Trump potentially delivering tax cuts, our market retained a positive tone with interest rates and equities stronger but the Australian dollar almost a cent weaker.
Next Tuesday’s RBA Board meeting is not likely to deliver anything new, with no change to our cash rate almost a “given”.