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Whirlwind tour for markets as US GDP surprises

NAB Morning Call

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Introduction

The ECB has lifted rates as expected by 25 basis points overnight. US equities down but it's been a bit of a journey, the Dow is down 0.7%. The Cat Carrant is up over 2% this morning and oil is higher. And Japan, Tokyo's CPI out today just ahead of the Bank of Japan who will tinker with the yield curve a little but not move rates. That's the best guess for today. Have we stopped shopping? It's Friday the 28th of July, 2023.

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