Friday 13th October 2023
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US inflation came in stronger than expected, pushing yields higher and strengthening the US dollar. NAB’s Gavin Friend suggests that markets are questioning the suggestion that higher yields would negate the need for further rises. Elsewhere oil has been steadied somewhat by diplomatic efforts from the US and China. UK GDP came in weak, and there’s a wealth of China data today. Also on the podcast Phil talks to Jennifer Mackinlay, Austrade’s General Manager for Europe, about how they are flying the flag for the Aussie renewables industry.
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