Disappointing news

NAB Morning Call · Sep 23, 2024 · 16m

Tuesday 24th September 2024

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Monday’s global PMIs were universally disappointing, but the downward trajectory was most pronounced in Europe and, in particularly Germany. It’s created a mixed story in bond movements today, even though equities have fared well. NAB’s Tapas Strickland describes how markets are seeing the relative positions of the US and Europe right now. Today the RBA announces its rate decision, with widespread agreement that they will keep rates on hold. But how long for? And is China…