Weaker Services data pushes equities higher and bond yields lower
Thursday 4th July 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe S&P hit new highs as bond yields fell overnight. Markets clearly thought the latest ISM Services number, which came in surprisingly weak, is just the sort of slowdown indicator that will encourage the Fed to act sooner rather than later. JBWere’s Sally Auld talks through the numbers, the market reaction, and the diverse attitudes of Fed members displayed in the latest FOMC minutes. There’s also discussion on yesterday’s Australia retail sales, that came in a little stronger…
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