1.Knives are out for Julia Gillard starting to get a lot media...

1.Knives are out for Julia Gillard starting to get a lot media coverage today, she is dead in the water.

2. US jobs report tonight, if we believe those Goldman Sachs kingmakers then the odds are the report is not going to be good.

3. US has a Labor Day public holiday on Monday.

4. Manufacturing data, ISM Manufacturing PMI 50.6 vs 48.7.
Above 50.0 indicates industry expansion. So QE3 may be off the table.

5. Interestingly US Crude Steel stats have calendar YTD growth of 5.2%

http://www.worldsteel.org/?action=stats&type=steel&period=latest&month=13&year=2011