ASX 200: ANZ tips Feb rate cut; Star falls; Insignia gains on potential Brookfield tilt

Slow spending lifts chances the RBA will move earlier than expected to deliver interest rate relief.

US markets are closed and there are few leads for ASX's last session of the week. Picture: Gaye Gerard

That's all from the Trading Day blog for Friday, January 10. The ASX 200 index closed down 0.4 per cent to 8294.1 points. Financials led broad-based falls with only materials in the green in cautious trade before US jobs data.

US equity futures dipped as investors are braced for a strong US jobs report on Friday (Saturday AEDT) which may see the US Federal Reserve to leave rates on hold. A report on the heavy insurance bill from the LA fires also weighed.

US 10-year bond yields settled lower near 4.69 per cent after a shortened session to mark Carter's memorial, ending its four-day run of gains. Meanwhile UK bonds extended a volatile stretch, with the pound falling further and bond yields spiking from already elevated levels.

Cryptocurrency market leader bitcoin is near $US93,595.

The Aussie dollar is around US61.99c.

Originally published as ASX 200: ANZ tips Feb rate cut; Star falls; Insignia gains on potential Brookfield tilt