China, more talk less action
Friday 18th August 2023
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It's becoming a familiar pattern lately, with bond yields pushing higher and equities taking a clobbering. The Aussie also continues to suffer as noises come from China about tackling their economic slowdown, but very little still in the way of sold action. Australia\u2019s rise in unemployment yesterday might ease the pressure on the RBA to lift rates, but NAB\u2019s David de Garis says, only for a month. It seems no country can now assume they have finished their tightening cycle.
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