Canada cuts. ECB sends mixed messages.
Another quiet session. NAB’s Ken Crompton talks through the Bank of Canada reate cutand what to expect in today’s global PMIs.
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Show Notes
Thursday 24th October 2024
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It’s been another session of a rising US dollar, yields climbing a little and falling equities. Nab’S Ken Crompton says there have been some weak earnings results that are adding to cautions in the share market. The Bank of Canada cut rates by 50bp, as expected, hence there wasn’t a great deal of market reaction. The question is, will the ECB follow suit? They are below their inflation target, but Christine Lagarde tried to set a note of caution to the markets during her talk in Washington. Global PMIs are out today, but no big changes are expected.
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