By Stephen Letts
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Good morning and welcome to another day on the ABC markets and finance blog.
Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day’s events, where every post is hopefully a winner, but none should be construed as financial advice.
US public institutions and agencies may have been shut down, but fear not, your favourite public service broadcaster is very much open for business
In short, it looks like the ASX looks like enjoying a brisk start to the day with futures trading points to the ASX 200 gaining 0.5% on opening after Wall Street closed higher.
The ABS has a couple of interesting data releases this morning.
The international trade balance is expected to show a surplus of around $5 billion was racked up in August, although that forecast is very much at the mercy of the value of gold exports which is quite a volatile number.
The ABS releases its monthly Household Spending Indicator at the same time (11:30am AEST) which should continue to see spending trending higher as the RBA cuts rates.
The RBA will also drop its quarterly Financial Stability Review statement this morning,
As always, the game’s afoot, so let’s get blogging.
