Too many jobs for central banks liking
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Friday 21st July 2023
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Markets are back to worrying about jobs data, it seems. Aussie yields rose after yesterday\\u2019s much stronger than expected employment numbers. The Aussie dollar is higher, even against a rising US dollar, which is also in part down to job concerns after a fall in unemployment claims last week. NAB\\u2019s David de Garis says we shouldn\\u2019t get too carried away by one week\\u2019s report on jobless claims, which are known for their volatility. UK retail numbers are expected to fall again today, but it\\u2019s an economy that keeps surprising us. And Japan\\u2019s CPI are out, but are unlikely to change the direction of the BoJ anytime soon.
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