Escalation fears ease, RBA’s expectations rise, Europe’s inflation falls

Tuesday 31st October 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS equities have risen today, alongside a fall in oil prices, as hopes rise that the Gaza war will not see contagion throughout the region. Meanwhile, Germany delivered slower GDP growth and falling inflation, ahead of the Europe wide data today. NAB’s Taylor Nugent says the pressure is off the ECB, who could likely reached their terminal rate, although at least one ECB member is saying there could be more. There will certainly be more from the RBA after yesterday’s retail numbers in Australia, which came in stronger than most had expected. Plus, the Bank of Japan meets today, amidst expectations that they will lift the cap on long end yields. We also we get confirmation of the size of US bond issuance today – and the makeup of that issuance later this week. Each event will have an influence on bond yields and currencies. Hosted on Acast. See acast.com/privacy for more information.