US Goldilocks again, Germany Brothers Grimm
Friday 26th July 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABA sharp turnaround in US optimism it seems, with this week’s disappointing PMIs easily overwritten by an upside surprise on GDP. Jobless claims were also down a little. The response – rising equities and falling Treasury yields. Phil asks NAB’s Rodrigo Catril whether Goldilocks is back on the horizon, offering a faster path to cuts with minimal economic damage. It’s a very different story in Europe though, where we saw PMIs sharply lower in Germany and reaffirmed by the IFO numbers…
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