Friday 20th October 2023

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It’s been a day that has seen sell-offs in equities, treasuries and the US dollar. So where is the money going? NAB’s Ken Crompton says some of it is still pouring into oil, as uncertainty mounts over the Israeli-Gaza war, but we’re also seeing a little diversity between the US, which continues to show signs of resilience, and Europe, where the news is less positive. Australia saw a fall in the unemployment rate yesterday, so there’s also discussion about what that means for the RBA.

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10 year treasuries nip at 5 percent