A tiny bit more risk
Not much to change NAB's expectation for today's GDP at 2.2% YoY
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 3rd December 2025
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Markets have a tiny bit more risk appetite today, which has helped push US equities higher and helped Bitcoin resume its rise to new horizons (perhaps). The Yen lost a large chunk of yesterday’s gains, but JGB yields remain high, alongside expectations for a BoJ rate hike. At home, NAB’s Taylor Nugent says the latest GDP partials will do little to change the expectation for a 2.2% rise, year on year, a little higher than the RBA is forecasting. And Michelle Bullock fronts up to the senate economics committee.
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