Equities rise, RBA warns… but no one listens. | MarketTalk: What’s up today? | Swissquote
The week started on a positive note for the global equities which continue to surf on the optimism that the Federal Reserve’s (Fed) next move won’t be a rate hike, which I think is overdone and that next week’s US inflation data could be a rude awakening.
In the Middle East, tensions remain. US crude remains bid near the 100-DMA – and near oversold market conditions – as Israel refused a ceasefire deal and is preparing for a big offensive in Rafah.
In central banks, the Reserve Bank of Australia (RBA) left its policy rate unchanged today and warned that...