Slow moves, thin trade ahead of data splurge
US yields push still higher today. JBWere’s Sally Auld says markets are repricing for a US economy that is growing faster than expected, whilst Australia has the best of its growth behind it for now.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 15th August 2023
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It’s been a quiet session, but bond yields have continued to push higher and the US dollar has climbed with them. JBWere’s Sally Auld says markets are continuing to adjust to an outlook where the US economy is growing faster than expected, and how that could push out the path of easing from the Fed. Whilst trading has been thin on very little data, get ready for a deluge today. On the home front, Australian wages data, along with Chinese activity data, Japan’s GDP, UK employment, Canada’s CPI and US retail sales. When it rains it pours.
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