Published: January 24, 2019
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SPI Futures are indicating an 11-point gain at the outset for the ASX200 this morning, notes Kyle Rodda at IG Markets.
Perhaps the weaker Australian dollar is behind some of the expected lift in Aussie stocks – along with greater optimism for the fortunes of Aussie banks after NAB’s rate hike yesterday.
Overnight the chorus of pundits calling an economic slowdown grew louder, backed up by weak data and some unfavourable headlines.
It was a day for PMI Manufacturing figures across the global economy. Comparable data was released right across Asia, Europe and the US overnight.
Though there were upside surprises, the data, which is considered a strong forward-looking indicator for global growth, was mostly disappointing.
from news Viral City http://bit.ly/2Uexs6A
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