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NAB Morning Call

Bad Apple Not Stopping Bounce Back

Season 8, Ep. 203

Tuesday 10th September 2024


NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB


US equities rose sharply to the close overnight. Apple shares rose less than most, with prices actually falling during the release of the new iPhone 16, which clearly failed to impress markets. But that wasn’t enough to stop a lot of dip-buying during a session largely devoid of data releases. There’s a bit more today with the latest employment data for the UK, numbers that could definitely influence the direction of the Bank of England next week. Otherwise, markets wait for US CPI and the big debate, both more than a day away.

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