Europe has the edge, BoJ keeps us guessing
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Wednesday 18th January 2023
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European equities rose overnight with the ZEW survey of analysts suggesting a more positive outlook and reports that the ECB might slow down its path of hikes. That\\u2019s in contrast to the US where the NY Empire State Manufacturing index came in much lower than expected, reported company earnings were mixed and equities were struggling to make gains. NAB\\u2019s Skye Masters says whatever the news lately US 10 year treasury yields are sticking close to 3.5% and doesn\\u2019t seem to be breaking lower, so data that will influence the Fed\\u2019s decision-making is crucial right now. Meanwhile, the BoJ is the focus today \\u2013 and nobody is quite sure what they\\u2019ll do.
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