China cuts tariffs, Aussie retail pushes rate cuts back
Markets respond positively to tariff cuts from China. NAB’s Tapa Strickland says strong earnings and positive economic data from the US has added to the optimism, Coronavirus aside.
Day: 6 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