Markets opened the new week relatively flat. Japanese wage inflation data and the services PMI are due up later. China remains on holiday. A deal on the Trans-Pacific Partnership is expected to be announced today, we look at what it means as well as at the latest CFTC data.
Early in the week the focus is on Australia with the RBA meeting Oct 6. There is little talk of a rate cut but officials could signal the potential for further easing later in the year. Economic data was mixed with the AiG service sector index falling to 52.3 from 55.6%. That was balanced by TD Securities inflation expectations rising to 1.9% from 1.7%.