Have a little faith
Friday 12th November 2021Markets have been a little more positive over the last 24 hours, with the NASDAQ back on the rise, although a rising US dollar continues to hurt the S&P, and the Aussie dollar has taken another hit. Part of the fall in the Aussie can be attributed to the weaker than expected jobs numbers yesterday, but NAB’s David de Garis says when you unpack the numbers there was plenty of ground for optimism. He says one interesting factor has been the gross rise in jobs in NSW – many people were switching jobs as the lockdown eased. Australia could be witnessing the start of the…
The skinny
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