An ocean apart

NAB Morning Call · Mar 3, 2025 · 13m

Tuesday 4th March 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUkraine is behind a world of difference between US and European markets today. European leaders are resigned to the need to spend more to defend Ukraine and Eastern Europe, pushing bond yields higher and equities also rising sharply, led by European defence stocks. In the US stocks are sharply down, led by the tech sector, with bond yields also falling. The ISM manufacturing index fell much more than expected, with concerns about tariff uncertainty, but rising prices also showing…