Analyzing Canadian CPI and Market Reactions

Wednesday 20th November 2024

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There as a certain amount of nervousness as Ukraine fired into Russian territory overnight and Russia revised its so-called Nuclear Doctrine, which lowers the requirements for a nuclear strike on a foreign power. But NAB’s Ray Attrill says the risk sentiment was short-lived, and markets are now focusing back on earnings results (NVIDIA tomorrow) and central bank expectations. The latter have been influenced a little by Canada’s strong CPI numbers, a lot of words from the Bank of England, the latest RBA minutes and, to come today, negotiated wages for the Eurozone.  

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