All quiet, before the storm
Not much in the way of data, so what’s driving markets? Phil asks JBWere’s Sally Auld how much is down to the Fed, how much is the growing expectation of a Trump victory?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 23rd October 2024
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What do markets do when there’s no big data releases and a slump in earnings results of interest? Not much is the answer. Phil talks to JBWere’s Sally Auld about another quiet session, with markets clearly hesitant about the US election, the pace of Fed easing and the price of equities. The steepening of the yield curve could be a reflection of an expected Trump victory. They also discuss the revisions in the latest IMF World Economic Outlook, which has basically upped US growth a little at the expense of just about everybody else. But they note, the risk is to the downside.
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