Brits Big U Turn, America Buys the Dip
Tuesday 18th October 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The UK government decided it couldn\u2019t wait till the end of the month to reverse almost all of their unfunded tax cuts, so they did it yesterday, much to everyone\u2019s surprise. Markets have taken it well, with big falls in bond yields and a rise in Sterling, but as JBWere\u2019s Sally Auld points out, there is still a big budget gap to bridge. The impact has helped buoy US equity markets though \u2013 perhaps looking for a buy-the-dip excuse. Today look out for NZ CPI and the minutes of the last RBA meeting, when they surprised with a less than expected 25bp rate hike.
Hosted on Acast. See acast.com/privacy for more information.