China Tries Again
Positive sentiment today, says NAB’s Rodrigo Catril, on the back of more moves by China to boost their economy. A cut to the reserve requirement might not have much impact, but there’s talk of a fiscal stimulus.
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 25th January 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Theres a more risk positive mood this morning NAB’s Rodrigo Catril says its being driven by moves in China to drive an economic recovery, including a half percent cut in the reserve requirement ratio for lenders. There’s been more attention ,though, to talk of a (long awaited) fiscal stimulus. Japan’s currency moved higher as investors mulled over the commentary form the bank of Japan, suggested a move into positive rates was looking more likely. Whilst the Bank of Canada highlighted that the days of rate rises are over for now, without giving any timeline for cuts. In PMIs Europe showed further weakness against US strength. Another reason for the ECB to cut rates sooner rather than later, but few expect that to happen at tomorrow’s meeting.
Hosted on Acast. See acast.com/privacy for more information.