US stocks hit by reality check, Aussie CPI today
Wednesday 25th January 2023
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US shares have been shaky overnight, in the runup to earnings results and on the back of mixed economic data. JB Were\u2019s Sally Auld discusses the latest PMI data, which again shows a recession risk for the US, more hope for Europe and a dismal outlook for the UK. The NAB Business Syurvey yesterday showed that business pessimism is not reflected by a fall in business conditions, including profitability. But there was also a sign that inflation might have peaked \u2013 something that could be confirmed in Australia\u2019s CPI numbers out today.
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