Tuesday 30th September 2025

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There has been no breakthrough yet in avoiding a US government shutdown from tomorrow. President Trump's focus has been on negotiating a peace deal for Gaza. NAB’s Ray Attrill says markets are concerned the shutdown means non-farm payrolls are not published on Friday, leaving everyone guessing about whether the weakness in the labour market has continued. He also looks ahead to today’s RBA meeting. Phil wonders whether the press conference after the rate announcement will support NAB’s position that a cut is not likely now till May.

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