China’s industrial production numbers were far better than anticipated.
Fed Chair Jerome Powell didn’t alter his stance despite signs of inflation picking up in the US.
Jerome Powell has sent the markets back to where they were before the non-farm payrolls data last week.
NAB’s Non-Rural Commodity Price Index has been on the up in recent quarters, in large part due to iron ore prices.
Ray Attrill explains how the latest small business survey data in the US shows signs that tariffs on Chinese imports might be starting to make their mark.
There were no big movements on US equities or bonds overnight, as markets wait to see what Jerome Powell has to say in his Congressional testimonies mid-week.
Trading has been thin as US markets closed for the 4th July holiday.
US equities took an early mark on record highs, whilst bond yields fell further.
Global bond yields have fallen after BoE Governor Mark Carney warned of a shipwreck to the global economy if trade tensions intensify.
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