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NAB Morning Call
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The Market Response to Target's Earnings
There is also confidence in the US banking sector as well. Western Alliance Bank or one of the regional banks has reported strong growth in deposits, two billion in three months when we assume money was going the other way around. Target's outlooks are relatively positive and still talk to a consumer that remains rather resilient in the U.S. The sense here is if you look at sort of the data releases coming from the US is that maybe that slowdown is not coming as quickly as expected.
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