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Monday 6th May 2024
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The non-farm payrolls in the US came in lower than expected, with a rise in the unemployment rate. NAAB’s Ken Crompton says we shouldn’t get too excited by the unemployment rate because it’s a small move when you take it to the second decimal place. The Services ISM was also weaker, falling into contraction territory. The impact has been to bring forward rate cut expectations a little, with a 75% chance the Fed will move in September. In Australia home loans data wasn’t particularly encouraging reading. The focus is now on the RBA tomorrow, then state budges later in the week. Will spending add to pressure on jobs, slowing the fall in inflation?
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Wednesday 26th June 2024
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Canada’s inflation came in hotter than expected in May and that’s pushed up Canadian bond yields overnight, but there’s been limited reaction to that – or anything really – on...
Published 06/25/24
Tuesday 25th June 2024
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Financial Services Guide | Information on our services - NAB
There are three broad themes on today’s podcast. First, a missed day on US equities again, with falls in the S&P and NASDAQ. NVIDIA shares are well down, but even a minor...
Published 06/24/24