Macro Afternoon – Macrobence

Macro Afternoon – Macrobence

A little bit of volatility across some risk markets here in Asia but generally equities finished where they started with the weak overnight lead from Wall Street as traders anticipate the upcoming rate cut at the Fed’s December meeting. The Australian dollar is still holding above the 65 cent level against USD as we get ready for tomorrow’s Q3 GDP print.

Oil markets are steady but very weak with Brent crude drifting just above the $63USD per barrel level on the Venezuelan imbroglio while gold is holding above the $4200USD per ounce level:

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