Australia August employment +39.5k; expected +20.0k; previous -15.8k.

Some local small banks are actively reducing stock of out-of-province deposits, cutting them on a quarterly basis while shifting funding toward in-province customers, a private-bank insider said. Regulators in July instructed some local commercial and private banks on local-customer determination: of five elements — ID address, habitual residence, primary business location, mobile-number registration location and device-location data — at least three must match to qualify as a local client. The guidance bars banks from taking on new non-local business; existing non-local business must be fully wound down by end-2027 and may not be extended via rollovers or restructurings. Regulators said the requirement covers deposits as well as loans and expects natural runoff, allowing a transition period rather than an immediate blanket cut-off.

At the UN General Assembly on Wednesday, Iranian President Pezeshkian accused the United States of crimes against Iranian civilians and said Iran must strengthen itself to resist the US and other hostile actors. He said Iran's nuclear development is for peaceful energy, not weapons, described Iran's military as defensive, opposed both nuclear weapons and restrictions on peaceful nuclear development, said the nuclear issue cannot be resolved on the battlefield, and stated Iran will not relinquish its legitimate rights.