Economy

Global government bond yields fall and flatten; US PPI jumps more than expected as tariff missteps bite; China to cull excess airlines; Aussie jobs shrink; UST 10yr at 5.08%; gold firms slightly and oil rises; AU$1 = 69.1 USc

Dambisa Moyo catalogues key risks, from high inflation and soaring debt to market concentration and political polarisation

US CPI up more than expected; Beige Book limp; US Social Security bribe; China CPI modest; China exports strong; China new bank lending recovers; UST 10yr at 5.18%; gold lower and oil firmer; AU$1 = 69.6 USc

Oil prices stay high; IMF upgrades world growth; US data wobbly; Japanese PPI eases; Aussie business sentiment dips; UST 10yr at 5.22%; gold holds and oil mixed; AU$1 = 69.8 USc

Russia ignores Trump's 'energy ceasefire'; Nobel Prize in economics; more Fed hiking signals; China car sales disappoint; India inflation jumps; UST 10yr at 5.24%; gold dips and oil rises; AU$1 = 69.6 USc

Economic data are often revised. Sometimes the revisions change the story; sometimes they do not. Either way, Westpac's Luci Ellis says they argue for humility when using data in policy debates

Eyes on US inflation and Wall Street earnings; Japanese machine tool orders strong; Malaysia get growth without many jobs; American sentiment falls again; EU & China tackle car trade; UST 10yr at 5.25%; gold and oil rise; AU$1 = 68.9 USc

Eswar Prasad and Thomas Riveros see promising growth trajectories in both developed and developing economies, despite inflationary pressures

US sentiment falls again; Canada jobs market shrinks; Japanese machine tool orders strong; Malaysia strong; EU & China agree to cut some big Chinese car exports; UST 10yr at 5.25%; gold and oil rise; AU$1 = 69.8 USc

US data positive but support for the UST 30yr soft; US farm debt problems jump; Taiwan stars yet again; Aussie inflation expectations rise; WTO raises trade forecasts; UST 10yr at 5.24%; gold holds, oil rises; AU$1 = 62.5 USc

US mortgage rates jump; US inflation expectations jump; US Fed members aligned in inflation fight; China's gold holding jump; India hikes; German factories busy; UST 10yr at 5.29%; gold soft, oil holds high; AU$1 = 69.6 USc

Second tier US data quite mixed; Canada reports larger trade surplus; China expansion slows; Australian consumer sentiment weak; UST 10yr at 5.26%; gold firmish but oil eases again; AU$1 = 69.8 USc

Benchmark rates rise; Brazil votes; US service sector expands; Canada's doesn't; China holiday spending good; France stressed; UST 10yr at 5.34%; gold softer and oil eases slightly despite renewed attacks; AU$1 = 69.7 USc

US payrolls don't grow, other US data soft; China holiday migration hits record; EU inflation rises; Brazil votes; UST 10yr at 5.28%; gold softer and oil holds high on renewed attacks; AU$1 = 69.6 USc

Nouriel Roubini offers an explanation for the relatively benign global economic outlook, despite obvious risks

US jobs growth 'weak'; US vehicle sales dip; US factory orders lame; Tokyo inflation jumps; China holiday migration breaks records; food prices up; UST 10yr at 5.28%; gold softer and oil dips after G7 reserves deal; AU$1 = 69.5 USc

Affordability constraints, higher interest rates, elevated living costs, and weaker consumer sentiment have all reduced purchasing capacity and dampened buyer demand

Global factory PMIs very positive; US tariff policy in court again; China on holiday; Binance skirts EU regulation; Aussie house prices keep falling; UST 10yr at 5.24%; gold holds and oil rises; AU$1 = 69.1 USc

US data mixed but bond markets remain sceptical; China PMIs expand; French bond risk leaps; Australian inflation rises but building consents fall; global air travel dips; UST 10yr at 5.30%; gold holds and oil falls further; AU$1 = 69.5 USc

US data and confidence weaker; Canada GDP resilient; China rolls out new stimulus; Australia focuses on inflation control; air cargo demand rises; UST 10yr at 5.27%; gold holds and oil falls on strategic release; AU$1 = 69.7 USc

Australia leads the fight against inflation with a new high 4.6% policy interest rate, among the highest in the world at present

Despite good industrial production data globally, markets retreat on US equivocation for a peace deal; eyes on the RBA; city ranking updates; UST 10yr at 5.24%; gold drops and oil firms; AU$1 = 70.2 USc

Eyes on the RBA, US jobs and China's holiday activity; US durable goods order data mixed; The US Fed in a tough spot; no deal to re-open Hormuz; UST 10yr at 5.17%; gold and oil hold; AU$1 = 70.3 USc

Westpac sees the run into year-end shaping as a particularly nervy one for housing markets. They have increased their peak-to trough price decline