US market sees stocks ‘moving lower’ and interest rates ‘moving higher’

📆 07/09/2023 04:10:00
📰 SkyNewsAust

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CommSec’s Tom Piotrowski says the US market saw stocks moving lower and long and short-term interest rates moving higher, thanks to an influential survey from the Institute of Supply and Management. The survey came in “quite a deal stronger” than what the market has been looking for at 54.5 per cent, said Mr Piotrowski. “Anything above 50 speaks to an expansion in the sector,” he told Sky News Australia. “Employment in particular was quite strong in this measure.” Presented by CommSec.

The survey came in “quite a deal stronger” than what the market has been looking for at 54.5 per cent, said Mr Piotrowski.“Employment in particular was quite strong in this measure.”

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RBA expected to hold interest rates as market investors anticipate official statementCommSec’s Tom Piotrowski says the Reserve Bank of Australia is widely expected to leave interest rates on hold this Tuesday. “As always, it’s the accompanying statement that the market will be paying very close attention to,” Mr Piotrowski told Sky News Australia. “That will really be where the rub is for investors today.” Presented by CommSec.
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