Australia’s housing problem, US markets choppy ahead of jobs numbers
NAB’s Rodrigo Catril talks though Australia’s worrying dwellings data and how choppy markets are ahead of the US payrolls data tonight.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 5th April 2024
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The latest building approvals for Australia show just how bad the housing situation is becoming. NAB’s Rodrigo Catril says it’s a structural problem that adds to the difficulties the RBA faces in slowing inflation. He talks through the latest NAB forecasts for CPI ahead of the next release later this month. Meanwhile equity markets have been choppy ahead of tonight’s payrolls numbers in the US, whilst the ECB minutes reaffirm that a June cut is likely. But then what?
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