Crisis over. Carry on. Really?
Wednesday 7th August 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Is it feasible to expect a sharp recovery from one data set, after the extreme response to last week’s US jobs data? Markets bounced back sharply today, pushing US yields higher, strengthening the dollar and pushing shares back up. Although trade retraced its steps a little as the session marched on, with shares losing about half their gains at the US close. NAB’s Ken Crompton says we can expect volatility to be around for a while yet. Meanwhile, the RBA showed little concern…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.