US Job Growth Seen Picking Up in July 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
US Stock Futures Rise as Markets Await July Payrolls Data 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Australian trade balance lifted back above $7bn in September, comfortably beating market expectations; the country’s August surplus was revised up by nearly $700 million, ANZ Research reported.
The monthly trade surplus rose to $7180 million in September, a decent gain on the upwardly revised August result and matching the more than $7,000 million monthly surpluses recorded in June and July.
Total resource exports rose 4.5 percent m/m in September and are now 22 percent higher than a year ago. Much of the gain has been driven by gold exports, however. Excluding non-monetary gold, resource exports were up 2.3 percent m/m and are just 1 percent higher than a year ago.
Rural exports were up a strong 6.4 percent m/m, driven by a sharp rise in cereal exports. Compared to a year ago, rural exports are down 2.3 percent. Service exports are up 0.8 percent m/m.
Capital imports excluding civil aircraft rose a strong 11 percent m/m and are 8.7 percent higher than a year ago. Much of the gain was in telecommunication equipment. Consumption imports remain soft and are little changed from a year ago, not overly surprising given the weakness in household spending.
Exports were up 3.5 percent m/m to be nearly 15 percent higher for the year. Imports gained 2.5 percent m/m, but are only up 3.2 percent y/y. It was encouraging to see capital goods imports rise by 11.6 percent m/m, for an annual gain of 8.2 percent. Imports of consumption goods were very subdued, up just 0.7 percent m/m and 0.8 percent y/y, the report added.
