Morning Report

Markets adopted a risk-off tone following disappointing US retail sales, leading to a rally in government bonds and mixed equity performance. In Australia, consumer sentiment fell following recent rate hikes, while markets remain divided on the outlook for further RBA tightening.

Key Takeaways

• 1.Disappointing US retail trade data triggered a risk-off tone across global markets.
• 2.Treasuries and European government bonds rallied significantly, pushing yields lower across the curve.
• 3.Weak US consumer spending data has increased the probability of a Fed rate cut as early as March.

Table of Contents

• Key themes
• Data snapshot
• Financial Markets
• Today's key data and events
• International Data
• Local Data
• Corporate Directory

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