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Cliff Notes: battling uncertainty the world over
Confidence in the economy (and financial instruments) has been a key talking point for markets this week. For Australia’s business sector, NAB’s April survey showed a decline in confidence in the month despite a further pick up in conditions to a level materially above average. This confidence measure is still best considered consistent with a generally positive mood amongst business however, despite global risks – which escalated in May – and the additional uncertainty created by a Federal election. From the conditions detail, the re-opening of Australia’s economy is clearly a big positive and is expected ... (full story)