Here below the WF weekly economic indicator report. In summary, the data this week mixed but given the very bearish expectations entering the week the data was a little better than expected with a good surprise in US PMI data and durables. Having said this the data continues to be weak but not the ‘off a cliff’ sort of data we might expect looking at equity indexes. Ill leave the rest to WF – inc brief review of the implications of Australia.
Rich
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