Tide turns after US jobs data
Monday 6th November 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Softer ISM data and weaker than expected jobs data in the US on Friday has seen a rally on bonds, pushing yields down and taking the US dollar down with it. As NAB\u2019s Rodrigo Catril points out, not only have markets reduced their expectations for future hikes, but an increasing number of investors are expecting rate cuts by the middle of next year. It\u2019s a different story for Australia though. The RBA is likely to show the job isn\u2019t done with a rate hike tomorrow, with the possibility of another to follow.
Hosted on Acast. See acast.com/privacy for more information.