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Daily Market Updates

Some people may be confused on how taxes work when it comes to the economy, so, here's some information that can help.

In its daily note to clients, J.P Morgan said it was out of their euro longs before Wednesday's euro zone PMI data, which did little to alleviate concern over growth but weren't bad enough to induce another aggressive sell-off.

The Reserve Bank of Australia meets tomorrow and they are widely expected to maintain the cash rate at 0.25% and continue to target the 3-year government bond yield at 0.25%.
The market will focus on RBA Governor Philip Lowe's statement, which will likely be very similar to the September statement