Thin trade before a flurry of PMIs
A quiet session but with a positive outlook, says NAB’s David de Garis, evidenced by a strong Aussie dollar. The focus today though will be on the PMIs for the US and Europe, and the NAB Business Survey – will business sentiment pick up?
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Tuesday 24th January 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There was lighter trade overnight, with little in the way of news and China on holiday. The Aussie dollar was the standout performer in currencies, with NAB’s David de Garis suggesting this reflects the optimistic tone, reflected in US equities, with a substantial rise in the NASDAQ. Today the focus is on PMIs, which will give a clear indication of the expected recovery in Europe versus the US. In Australia the NAB Business Survey this morning will be watched to see whether the falling business confidence last time has translated into a drop in business conditions.
Hosted on Acast. See acast.com/privacy for more information.