Looking on the soft side

NAB Morning Call · Apr 20, 2023 · 16m

Friday 21st April 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere’s definitely a more sombre mood this morning, with equities falling in the US and Europe. Phil asks NAB’s Ken Crompton how much is this down to Tesla’s price cutting, and the need for a squeeze in margins to maintain demand. Yields are also down, with softer employment, manufacturing an housing data from the US. Couple that with falling inflation in New Zealand and the question has to be asked, at least for today, how far do central banks really need to go? We’ll get an…