Crisis over. Carry on. Really?
Markets have bounced back, but lost some of the momentum. Not totally convinced? NAB’s Ken Crompton says there shouldn’t have been widespread panic on the back of one data set, similarly we shouldn’t assume a rapid recovery after another one.
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
Wednesday 7th August 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Is it feasible to expect a sharp recovery from one data set, after the extreme response to last week’s US jobs data? Markets bounced back sharply today, pushing US yields higher, strengthening the dollar and pushing shares back up. Although trade retraced its steps a little as the session marched on, with shares losing about half their gains at the US close. NAB’s Ken Crompton says we can expect volatility to be around for a while yet. Meanwhile, the RBA showed little concern for the risks of an economic slowdown, sending a clear message not to expect rate cuts this year and how they had given serious consideration to a rate hike this week. It’s a quieter session today, but that doesn’t man it won’t be just as volatile.
Hosted on Acast. See acast.com/privacy for more information.