US growth provides cautious optimism
Friday 27th January 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
A strong GDP read from the US, together with with falling prices, provided grounds for optimism in markets overnight, particularly equities that were buoyed also by a strong earnings result from Tesla. But NAB\u2019s David de Garis says it\u2019s not all good news. Investment in equipment was down and durable goods orders, if you take out a splurge in aircraft orders, fell in the month. And the weekly job numbers suggest the labour market remains as tight as ever. Meanwhile, what must the RBA be thinking after Wednesday\u2019s Australian inflation number, coming in much higher than expected? Perhaps today\u2019s producer prices will show that things are moving faster in the right direction.
Hosted on Acast. See acast.com/privacy for more information.