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16 Nov 2023

Twists & turns

• Shaky sentiment. Growth concerns dampened risk sentiment. Bond yields slipped back, oil fell, & the AUD lost some ground after a strong few days.• Job trends. Signs the US labour market is cracking are increasing. In Australia employment positively surprised. Unemployment ticked up, but it is still low.• RBA rhetoric. Next week in addition to the meeting minutes (Tues), Governor Bullock is appearing on a panel (Tues) & giving a speech on the outlook (Weds). A slightly more negative tone across markets overnight with the run of soft US economic data supporting views growth momentum is slowing, and that...

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