Wednesday 3rd July 2024

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US shares rallied late in the session, on the back of comments from Jerome Powell. So what did he say? That’s the first question Phil puts to NAB’s Rodrigo Catril on this morning’s podcast. Meanwhile, Europe's inflation barely moved and unemployment is sticking close to where its been for more than a year. There’s fresh concerns about the French election at the weekend too. Today Australia’s retails sales are out along with US Services ISM, which should show further slowing of growth. And the US knocks off early in readiness for the 4th July holiday tomorrow.

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What did Powell say to spur on US equity markets?