US Bank Earnings Disappoint, But Mainly Quiet

The week’s got off to a quiet start. As Phil Dobbie discusses with NAB’s Ray Attrill, stocks have taken a step back on weaker earnings figures from two major banks. The Canadian dollar has taken a hit from a business survey that shows demand and business sentiment is softening, but the Empire Manufacturing Index tells a more positive story south of the border. Meanwhile the Aussie dollar has held steady – will the minutes of the last RBA meeting contain anything that will send it moving either way today? Or is it just time to sit back and eat the chocolate?

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