Confidence with a question mark
Monday 17th JUly 2023
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After all the confidence displayed last week following the lower-than-expected US inflation numbers, markets changing direction on Friday, with the US dollar rising, bond yields also increasing and equities losing some of their vigour. NAB’s Rodrigo Catril says in part this is a response to Friday’s consumer inflation expectations survey, mixed with a bit of natural adjustment after so much mid-week exuberance. If the UK’s CPI number this week also comes in lower than expected…
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