China scotches Zero COVID speculation, again

NAB Morning Call · Nov 6, 2022 · 16m

Monday 7th November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt seems likely we’ll see a reversal to some of the positive sentiment on Friday that saw equities and commodity prices rise, driven by the renewed hope that China was moving towards an end to their zero COVID approach. The official word over the weekend was that that was not the case. NAB’s Skye Masters says there was also a positive response to non-farm payrolls in the US on Friday, with a rising unemployment rate suggesting the labour market was easing and there would be less…