And then the rebound, for now
Markets rebound on less Coronavirus concern, but, as NAB’s Rodrigo Catril says, we’ve been here before. Plus, the RBA’s (overly) optimistic growth forecasts.
Day: 4 February 2020
THE TWITTERATI
No bounce in equity indices today, says NAB’s Taylor Nugent. It’s all down to growing concerns about a US economic slowdown. Like Cisco’s profit downgrade, for example. Plus the lowdown on yesterday’s Aussie employment numbers. https://t.co/aGBhCkChFv
People are feeling the pinch as inflation rises. We’re seeing how headline inflation hits consumer staples and discretionaries says NAB’s Ray Attrill, as major US retailers warn of falling margins. https://t.co/YOdbDKIv4Q