Slightly softer

Tuesday 4th June 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABLonger end yields pushed higher overnight. NAB’s Skye Masters says it was in part down to softer manufacturing data from the US, although there’s a chance markets have overreacted to what was a pretty mixed picture. For example, whilst the Manufacturing ISM fell, the Manufacturing PMI, for the same month, released at the same time, rose. Markets are hoping, though, that softer data on the back of falling inflation means more cuts can be squeezed in by the Fed at the back end of the year. There’s also discussion on the Australian minimum wage decision, why oil has fallen so sharply overnight and the importance of US job openings data tonight. Hosted on Acast. See acast.com/privacy for more information.