Lower inflation in the US gives the Fed more time, but NAB’s Rodrigo Catril says some of the market moves overnight are based on growing COVID outbreaks in China.
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