A busy day for Australia – NAB’s Gavin Friend discusses housing approvals, retail sales and the RBA’s likely stance today. Elsewhere, markets seem to be hanging out to see what President Trump has to say tomorrow.
Markets have responded favourably to a better-than-expected headline CPI read in the US, but NAB’s Tapas Strickland says there’s no clear sign that the core figure is falling yet. It’s too early to call a peak on inflation. https://t.co/YWb7180LeQ
US CPI numbers are out later today. NAB’s Rodrigo Catril says the Fed will be focused on the core numbers, the factors that they can try and control. Plus, why did Australia see a positive outlook in the NAB Business Survey, but falling consumer sentiment. https://t.co/HtD3d6Um0e