Next week highlights include rate decisions from the RBA, BoE, Banxico, BCB, and Riksbank. We also see the release of the ECB Minutes and BoJ Summary of Opinions. Data wise, the Canada jobs report, China Trade, UK GDP and Norwegian CPI take the limelight.
The main domestic data this week was the September labour force release. As colleague Westpac Economist Ryan Wells noted yesterday, the data were a mixed bag. Looking through the monthly noise, the labour market is continuing to cool gradually from its earlier tightness. There was nothing in the data to nudge the RBA in the direction of raising rates.