Too much of a good thing
Release Date:
Friday 16th August 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS retail sales numbers out yesterday showed surprisingly strong spending in July. That’s pushed equities markedly higher. But NAB’s Rodrigo Catril says bond yields are up as markets see this retail strength as a sign that the US is not heading for a recession, which reduces the impetus for a faster path of cuts by the Fed. Rodrigo also discusses the UK’s GDP read, today’s retail numbers there, and the swag of activity data from China yesterday. Plus, what to make of yesterday's Australian employment numbers. Hosted on Acast. See acast.com/privacy for more information.
Too much of a good thing