Letting it all sink in
Tuesday 27th August 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere hasn’t been a lot of market movement overnight. What there was saw a slight reversal on positions taken after Powell’s talk at Jackson Hole. Hence, the dollar is back up a little, shares have fallen, and bond yields are up slightly too. It’s lighter trading, of course, at the height of the northern summer and only second tier data to keep us occupied. That’s why NVIDIA’s earnings results on Wednesday (US time) could have an outsized influence on shares. Oil is sharply…
The skinny
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