Daily Report 1 February 2023

Daily Report 1 February 2023

February 1, 2023

US stocks surged overnight, supported by good earnings reports and a slowdown in employment cost growth. Government bond yields declined slightly in the US and Australia. The Australian dollar depreciated in reaction to a slight decline in RBA cash rate expectations after a massive downside surprise to the domestic retail sales numbers. The ASX 200 ebbed 0.1% yesterday, before opening 0.6% up this morning.

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