Overreaction to Aussie jobs numbers, none to US debt ceiling

From business.nab.com.au

US markets are coming into the last hour of NYSE trade showing minor losses averaging 0.3% for the main board indices, after falls of more than 1% and as much as 2% for European stock markets. Netflix will report its earnings after the close. The generally risk-off tone is not evident in currencies though where the DXY index is about 0.3% lower thanks to gains for the EUR, GBP, and JPY, while AUD is back comfortably onto a 0.69 handle (0.6920) having been as low as 0.6872 following yesterday’s softer than expected Employment report. US bond yields have maintained the 3-4bps back-up witnessed during out time zone ... (full story)