A wild night without direction
b'
Tuesday 24th October 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There were no strong data releases over the last 24 hours to give markets direction and some have clearly made the bold assumption that no ground movement into Gaza is a sign that tensions are easing. As a result, we\\u2019ve seen bond yields pull off recent highs, equity markets rise, gold fall and the US dollar down. JBWere\\u2019s Sally Auld says the geopolitical uncertainty and the sell-off in bond yields has rattled investors and there\\u2019s plenty of reason to sit on your hands, which is why we are range trading, albeit with large intraday swings. Todays PMIs might give a little direction, whilst locally eyes and ears will be on Michelle Bullock, the new RBA Governor.
Hosted on Acast. See acast.com/privacy for more information.
'