All quiet at the casino, all eyes over the ditch
Warren Buffet has described stock markets as a casino. It’s a quiet casino today with all eyes locally focused on what the RBNZ will do. NAB’s Taylor Nugent says it’ll be interesting to se the language used at the press conference.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 28th February 2024
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Japan’s inflation is down, but not quite as much as expected. That’s raised expectation from some that the BoJ will use this as a reason to lift rates. Phil asks NAB’s Taylor Nugent whether they need to. Japanese exports seem to be benefiting from a lower Yen right now. Meanwhile US equities have plateaued. Warren Buffet described it as a casino, suggesting investors focused on stocks that it would be hard to imagine doing without. Like coca cola. Vested interest perhaps? Today the focus is on what the RBNZ does. NAB and BNZ are not expecting a rate rise, but the language at the press conference should be interesting. Inflation is proving troublesome.
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