Daily Alert: US shares dip and yields lower on mixed data and earnings reports

  • US personal income and expenditure data were stronger than expected on Friday.
  • US Treasury yields were firmer on Friday (yields lower) while US sharemarkets were also weaker on Friday.
  • Later in the week on Wednesday, we expect local Q2 labour data to show strong employment growth, and the unemployment rate fall to 4.4% from 4.7% in Q1.

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