Weak jobs data, trade tensions and a Brexit to nowhere

The markets reacted sharply to weaker than expected payrolls data from the United States, with NAB’s Ray Attrill telling Phil Dobbie that the consequences have filtered through to the early performance of the Aussie dollar this morning. Adding to the uncertainty is China’s threatened response over the weekend to the Huawei arrest last week, and the outcome of the Brexit vote tomorrow. On the positive side, US consumer sentiment remains high, along with spending, and Canada has recorded a surprise fall in unemployment. So, its not all bad news.

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