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After the Fed – stronger equities, weaker bond yields

The dovish tone set by the Fed yesterday has seen renewed vigour in the US equity markets, helped by further strong earnings. But, as Phil Dobbie discusses with NAB’s David de Garis, the enthusiasm doesn’t entirely square with the latest economic data, or progress on the trade talks. The data continues to worsen for Europe too, particularly in Germany. And the markets will pay particular attention to the US non-farm payrolls tonight.

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