Light on news, high on hope
New highs again for US stocks, in contrast to a far more pessimistic outlook in China. NAB’s Skye Masters says bond markets are more reflective, given a lack of key economic data and the Fed in blackout mode.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 23rd Janaury 2024
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US equities hit new highs again overnight, reflecting the optimism for an economy that’ s beating inflation and escaping recession. Even the continuance of weak data and pessimism for the Chinese economy is failing t impact US ebullience. NAB Skye Masters says bond markets were more contained, reflecting a day light on news or data prints. There’s not expected to be a policy change fr the Bank of Japan today, but there is a press conference and we get to see revised quarterly forecasts which could help determine when or if there will be future policy changes. Locally, the NAB Business Survey is out today.
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