NAB – The Morning Call · A slower recovery than hoped for? Yet equities still rise.

A slower recovery than hoped for, yet equities still rise

Thursday 3rd September 2020

The US dollar managed a slight recovery in the overnight session, which has also seen continued growth in US equities, echoed across the Atlantic. On today’s podcast Phil Dobbie asks NAB’s Ray Attrill why the positive sentiment when the data we’re seeing isn’t so positive? ADP employment numbers were softer than expected and the Fed’s Beige Book suggested the recovery in the US is slowing. They also discuss yesterday’s GDP numbers for Australia and the whole gamut of services PMI numbers out later today.

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