Wednesday 25th January 2023

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US shares have been shaky overnight, in the runup to earnings results and on the back of mixed economic data. JB Were’s Sally Auld discusses the latest PMI data, which again shows a recession risk for the US, more hope for Europe and a dismal outlook for the UK. The NAB Business Syurvey yesterday showed that business pessimism is not reflected by a fall in business conditions, including profitability. But there was also a sign that inflation might have peaked – something that could be confirmed in Australia’s CPI numbers out today.

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US stocks hit by reality check, Aussie CPI today