A great week for those who like volatility
Monday 6th March 2023
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As NAB’s Ray Attrill puts it on this morning’s podcast, three central banks, two days of testimony from Jerome Powell,. Topped off by US payrolls numbers – what’s not to like. Provided you thrive on volatility, of course, because any of those events has the power to change the direction of markets. They finished last week with quiet optimism, with equities pushing higher and bond yields falling. We look at why that might be and suggest one surprise this week could come from the Bank of Japan, the last meeting of Governor Kuroda who might be prepared to spring a surprise, particularly as inflation keeps rising.
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