1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The local market is set to open modestly higher, with ASX futrues up 0.3%.Global stocks edged higher overnight as investors prepare for tomorrow's Federal Reserve's interest rate decision.
After rising near 1% earlier in the day, the S&P 500 bank index fell almost 2% after JP Morgan Chase's consumer and community banking chief said the bank expects expenses to climb to about $105 billion in 2026, driven largely by growth and volume-related costs.
US job openings at the end of October rose by 12 thousand, well above the estimate of economists, while the quit rate was slightly lower. Ahead of the Fed's decision on interest rates, White House National Economic Council Director Kevin Hassett, who is regarded as the top candidate for the Fed chair role said, “If the data suggests that we could do it, then — like right now — I think there’s plenty of room to do it.”
The US dollar index is up slightly, and the Australian dollar rose 0.2% following the RBA's decision to leave rates on hold and on the likelihood that the next move from the central bank will be up.
