Escalation fears ease, RBA’s expectations rise, Europe’s inflation falls
Tuesday 31st October 2023
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US equities have risen today, alongside a fall in oil prices, as hopes rise that the Gaza war will not see contagion throughout the region. Meanwhile, Germany delivered slower GDP growth and falling inflation, ahead of the Europe wide data today. NAB’s Taylor Nugent says the pressure is off the ECB, who could likely reached their terminal rate, although at least one ECB member is saying there could be more. There will certainly be more from the RBA after yesterday’s retail…
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