So, what did markets like about Powell’s speech yesterday?

Friday 2nd December 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets have not significantly retraced their moves after Jerome Powell’s speech yesterday. Equities have rebounded only slightly and bond yields have continued to fall. On today’s podcast NAB’s Tapas Strickland outlines why his speech created a more positive risk outlook. There was good news in amongst the data released overnight too, with ISM manufacturing showing a fall in prices paid. Abd China’s lockdowns could be easing further, with home detention now replacing quarantine centres for low-risk cases in Beijing. The focus tonight, of course, will be on US non-farm payrolls, in particular the average hourly earnings.  Hosted on Acast. See acast.com/privacy for more information.