NAB – The Morning Call · A bad end to a solid month
0
AUDIO The Morning Call

A bad end to a solid month

By phildobbie — 2 years ago

Monday 3rd May 2021

What data there was on Friday was largely good news, apart from the horrific turn of events in India. In the US, though, reads on consumer sentiment and Chicago’s PMI came out stronger than expected.  Yet markets turned a little sour at the end of the week, with equities sharply down, and commodity prices falling. NAB’s Tapas Strickland says month-end positioning will be partially to blame, along with concerns about market valuations.  Another positive indicator for the US was a 21 percent surge in personal income in the US. Will this flow through to stellar GDP growth in Q2, and if so, what does this do t the prospects for Biden’s next stimulus package or for the Fed’s resistance to tapering?

Post Views: 1,518

Leave a Reply

Your email address will not be published.

THE TWITTERATI


Notice: Undefined index: screen_name in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 40

Notice: Undefined index: verified in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/templates/header.php on line 25

Notice: Undefined index: profile_image_url_https in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 371

phildobbie Follow


Notice: Undefined offset: 0 in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/inc/CtfFeed.php on line 1917

Notice: Undefined offset: 0 in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/templates/item.php on line 16

Notice: Undefined offset: 0 in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Display_Elements.php on line 22

Notice: Undefined offset: 0 in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/templates/item.php on line 22

Notice: Undefined offset: 0 in /home/mgnh165g89te/public_html/wp-content/plugins/custom-twitter-feeds/templates/item.php on line 23
@ ·
now

Reply on Twitter Retweet on Twitter Like on Twitter Twitter
Load More
Scroll to top