Episode Details
Back to Episodes
Some hope, jobs confusion and Aussie CPI
Description
Wednesday 25th October 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Markets are displaying a degree of hope this morning, presumably because there has been no ground movement by Israelis into Gaza, but press reports seems somewhat less optimistic. Meanwhile, NAB’s Taylor Nugent says the latest PMIs show the continuing divide between the US and Europe, with the EZ Services and Manufacturing numbers both pulled lower. The UK employment numbers have become somewhat unreliable, meaning the BoE has less certainty in one of the key indicators it tracks. For the RBA the most important number is released today – CPI for Q3. NAB believes the number will be high enough to see interest rates lifted in a couple of weeks. Plus, earnings results for Alphabet and Microsoft.
Hosted on Acast. See acast.com/privacy for more information.