Looking on the soft side
Friday 21st April 2023
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There\u2019s definitely a more sombre mood this morning, with equities falling in the US and Europe. Phil asks NAB\u2019s Ken Crompton how much is this down to Tesla\u2019s price cutting, and the need for a squeeze in margins to maintain demand. Yields are also down, with softer employment, manufacturing an housing data from the US. Couple that with falling inflation in New Zealand and the question has to be asked, at least for today, how far do central banks really need to go? We\u2019ll get an update on jJust how soft global economies are today with PMIs for the US, Europe and the UK.
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