One bank rescued, one central bank on hold

Tuesday 2nd May 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets seemed unperturbed by the demise of another US commercial bank. NAB’s Skye Masters says the mood in bond markets is risk positive, perhaps because the FDIOC stepped in and negotiated a sale to JP Morgan. Markets were also influenced by the US ISM manufacturing read, which showed a rise in prices and employment. The ECB will be interested in the Euro area core inflation read today, whilst the RBA will almost certainly keep rates on hold. Hosted on Acast. See acast.com/privacy for more information.