China deflates, gas spikes, US CPI later
Today NAB’s Rodrigo Catril looks ahead to US inflation, examines the rise in oil and gas prices and whether the deflation numbers for China are as bad as they seem.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Thursday 10th August 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
As expected, latest CPI data from China shows a country suffering the impact of deflation. It raises many questions including, could lower prices help calm inflation elsewhere. NAB’s Rodrigo Catril gives some perspectives today. Plus, oil and gas prices rise, for different reasons. We examine that. Latest spending data shows Australians continue to spend more, whereas New Zealanders have put a cap on their spending. Does that reinforce the expectations for the respective central banks and what is that doing to the spread of trans-Tasman bond yields? The key metric today, everyone is hanging out for, is the US CPI, out late tonight Australia time.
Hosted on Acast. See acast.com/privacy for more information.