Less jobs and cheaper oil pauses bond and equity sell-off
Thursday 5th October 2023
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The bond sell-off that dominated the early part of the week has been put on pause today, with yields down a little and a largely positive picture for equities. NAB’s Taylor Nugent talks through what’s driving this change of sentiment. He doesn’t believe it’s one key thing but it could be down to lower jobs numbers in the latest ADP report, sharp falls in oil prices, no big surprises in the US Services ISM and the danger of a US shutdown back on the list of concerns. All of…
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