BLOOMBERG Bloomberg Markets Asia July 14, 2024
The aussie market doing ok despite some not great news from the pmi, which we can look at now. Contractiong seeing on the manufacturing side of things. The has helped to bring bulls out for bonds suggesting we see another Interest Rate cut coming through from the reserve bank. Things inso got other play here as well. 10 year yield, three basis points down. Below 1 again. That facility will not be ready to operate fully for months. , after that 20 billion worth of Corporate Tax cuts designed to stimulate the economy. Nifty futures pointing upside as well. Could be adding to that huge gain. Bigg...