Taking a breather
Tuesday 9th November 2021You\u2019d think markets would be bathed in positivity, particularly in the US, with a string of good news, including infrastructure spending, the COVID pill and the reopening of a lot of international travel. There\u2019s evidence of tiredness in the equity market says NAB\u2019s Rodrigo Catril in today\u2019s podcast, but we\u2019ve been here before and then it takes off again. Bond yields meanwhile are still adjusting to a world in which central banks are not quite so quick to raise rates, whilst coping with a high inflation outlook. On top of all that, Europe has to contend with higher gas prices, rising again, and the danger of a trade war over Brexit. Locally, the NAB business survey is out early this morning (7.30am).
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