US rally, China’s slump, UK’s new PM
Tuesday 25th October 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt's been a very mixed session depending on vaired geographic circumstances, says NAB’s Taylor Nugent. US equities continue to rally on anticipation of positive earnings results and the hope that the Fed will slow down its pace of hikes. Europe has seen modest gains as gas prices fall, offsetting a slightly worse than expected set of PMIs. The UK has seen gilts back in fashion as Rishi Sunak is announced as the new Prime Minister, generally seen as a relatively safe pair of…
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