EPISODE · Jan 26, 2023 · 16 MIN
US growth provides cautious optimism
from NAB Morning Call
Friday 27th January 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABA strong GDP read from the US, together with with falling prices, provided grounds for optimism in markets overnight, particularly equities that were buoyed also by a strong earnings result from Tesla. But NAB’s David de Garis says it’s not all good news. Investment in equipment was down and durable goods orders, if you take out a splurge in aircraft orders, fell in the month. And the weekly job numbers suggest the labour market remains as tight as ever. Meanwhile, what must the RBA be thinking after Wednesday’s Australian inflation number, coming in much higher than expected? Perhaps today’s producer prices will show that things are moving faster in the right direction. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Friday 27th January 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABA strong GDP read from the US, together with with falling prices, provided grounds for optimism in markets overnight, particularly equities that were buoyed also by a strong earnings result from Tesla. But NAB’s David de Garis says it’s not all good news. Investment in equipment was down and durable goods orders, if you take out a splurge in aircraft orders, fell in the month. And the weekly job numbers suggest the labour market remains as tight as ever. Meanwhile, what must the RBA be thinking after Wednesday’s Australian inflation number, coming in much higher than expected? Perhaps today’s producer prices will show that things are moving faster in the right direction. Hosted on Acast. See acast.com/privacy for more information.
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US growth provides cautious optimism
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