America back in time for manufacturing numbers
European economic growth is still lacklustre says NAB’s Rodrigo Catril, but the latest data supports a cut by the ECB in September. Today the US is back in time for the latest ISM manufacturing number.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 3rd September 2024
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Markets were subdued again on Monday with the US on holiday. Today they are back, in time for the ISM manufacturing read. NAB’s Rodrigo Catril says the employment component of the report will get the most focus, as the first of several labour market indicators ahead of non-farm payrolls at the end of the week. He also talks us through yesterday’s Australian business indicators and what they could mean for GDP.
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