Earnings up, Aussie confidence on a roll, oil shoots higher
b'Thursday 15th April 2021Equities came back off the highs we saw on Tuesday/Wednesday, but their decline didn\\u2019t reflect the sentiment in the market. In fact, a four percent rise in oil has been a better indicator, along with the strength of the Aussie dollar. NAB\\u2019s David de Garis says we have sen a rotation out of the tech stocks, but the banks have generally been doing well, helped by better than expected earnings results. Our local currency has been bolstered by yesterday\\u2019s consumer confidence read, with high hopes for today\\u2019s employment data for Australia. Today there will be a lot of attention paid to US retail sales \\u2013 will they add to the positive vibes?
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