Markets buy the good news and ignore the bad as risk is back in town

and the non-collapse of Italy were all seen as reasons to be optimistic on global markets over the week as risk was back in town.

"Good news on trade, but just recall we have seen this movie several times before," AMP Capital's Shane Oliver said. It will be one of ECB president Mario Draghi's final acts before handing over the bank's leadership to Christine Lagarde in November. At the same time, Mr Draghi may not want to blaze away and leave Ms Lagarde searching for new ammunition down the track.

Given the European deposit rate already sits at -0.4 per cent, any cut is likely to be incremental than a big bang.

What a rediculous and fictitious monetary system we live in, and that propaganda from the media to calm the masses is laughable...💩🤣

Ah. Non existent money that rules our lives

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Market waits for US jobs figures | Sky News AustraliaEarly indications show the US jobs market remains strong despite a slowdown in manufacturing due to the trade dispute between China and the US.\n\nA survey from Bloomberg showed Nonfarm payrolls increased by about 160,000 in August, ahead of the official release of the jobs figures from the the US Bureau of Labor Statistics.\n\nIG Australia's Kyle Rodda told Sky News the jobs figures will inform whether global markets 'should be optimistic' about the US economy going into an election year in 2020.\n\nImage: Getty
Source: SkyNewsAust - 🏆 7. / 78 Read more »