Australian GDP growth came in at 0.1% for the March quarter, continuing its decline from the end of 2021.

Of note, the housing sector is dire.

I expect rate cuts to be not far away now, despite inflationary pressures.

US weak manufacturing PMI data out overnight, adds weight to the possibility the long end of the govt debt may well have peaked. Although, the US needs to re-finance about $11 Trillion in US Govt debt over the next twelve months. Watch out for measures such as forcing US banks to hold more bonds as collateral - as there aren't enough takers of US debt....