Slight risk bounce as US markets “clutch at straws”

Friday 9th December 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere was a bit more of a risk-on attitude in the US overnight, with equities rising for the first time in five days. Part of the reason could be a rise in jobless claims. But NAB’s David de Garis says you’d be clutching at straws to assume that means lower inflation and a less aggressive Fed. It’s just part and parcel of the volatility ahead of a bumper week next week, with US CPI, the FOMC meeting and the ECB. The last blast before Christmas. Equally as unexplained is the slow glide down in oil, when there’s every reason for it to be heading the other way. An oil leak on the Keystone pipeline saw WTI prices rise for a while, but they didn’t hold for long.  Hosted on Acast. See acast.com/privacy for more information.