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US jobs fall, AU GDP, softer but strong
Season 9
Episode 275
Published 1 month, 1 week ago
Description
Thursday 4th December 2025
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Financial Services Guide | Information on our services - NAB
US Treasury yields fell after the ADP jobs number came in weaker than expected. Normally, perhaps, people wouldn’t pay too much attention — they’re often wrong — but when it’s all you’ve got, it matters. It’s another reason for a rate cut by the Fed next week.
Meanwhile, Aussie GDP also came in weaker than expected… though maybe strong in the right places. NAB’s Ken Crompton joins Phil to look at the implications of that, and they decipher the latest global services PMIs and look ahead to the release of Australia’s trade balance this morning.
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