Optimism. But why?
Markets expect a December taper, so why are equity markets on the rise? NAB’s Gavin Friend wonders whether the Fed governors are more dovish than reflected in yesterday’s statement.
Day: 23 September 2021
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