A Bloomberg gauge of the dollar headed for a second day of declines. Treasuries rose across the curve, with the 10-year yield falling three basis points to 4.14%. Gold\u00a0surged\u00a0past $3,800 an ounce.\u00a0Oil\u00a0fell as expectations that OPEC+ will hike production again in November exacerbated concerns about a glut.<\/p>\n
A busy week of data releases will culminate in Friday\u2019s nonfarm payrolls report, arriving as the Federal Reserve leans toward supporting the jobs market. In the mix is the risk of a US government shutdown amid an impasse in Congress that could delay some releases.<\/p>\n
The momentum in markets is \u201cdriven by a Goldilocks environment of optimistic growth prospects alongside expectations of a more dovish Fed,\u201d said Ulrich Urbahn, head of multi-asset strategy and research at Berenberg. \u201cThere might be some adverse effects if the shutdown were to prevail for a longer period, which is not our base case.\u201d<\/p>\n
Friday\u2019s payrolls report is expected to show that the US economy added 50,000 jobs in September, in line with the average from the past three months. The jobless rate is projected to hold steady at 4.3%.\u00a0<\/p>\n
Before then, Tuesday\u2019s JOLTS report is expected to show a decline in job openings, while Wednesday\u2019s data on company hiring is likely to confirm a further slowdown. Fed policymakers including Christopher Waller, Alberto Musalem and Raphael Bostic are due to speak Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"A Bloomberg gauge of the dollar headed for a second day of declines. Treasuries rose across the curve,…\n","protected":false},"author":2,"featured_media":50000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,220,111,139,69],"class_list":["post-49999","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/49999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=49999"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/49999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/50000"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=49999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=49999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=49999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}