Heavy data day turns markets red

Wednesday 16th August 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s been a busy day for data releases, having a profound impact on markets. NAB’s Ray Attrill talks through what’s happened, not least of which is the continued signs of slowdowns in the Chinese economy. Japan too has shown a fall in consumption, even though GDP rose (it was all through exports). The Bank of Canada might not be done with rate hikes with a CPI surprise, and the Bank of England has to contend with higher-than-expected wages growth. Even the US is starting to question hopes of a soft landing. It’s been a session rich in data that’s raised more questions than its answered. It was a day light on good news. Maybe the Matildas can put that right. Hosted on Acast. See acast.com/privacy for more information.