End of rein for soaked Sunak , whilst NVIDIA storms ahead
FOMC minutes hit equities, whilst NVIDIA beat on earnings, margin and guidance. NAB’s Gavin Friend talks through news of the surprise UK election and persistent inflation numbers.
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Show Notes
Thursday 23rd May 2024
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The UK Prime Minister stood out I the pouring rain to announce a July 4 election for the UK, months ahead of expectations. Perhaps he doesn’t think the economy will improve so he might as well go sooner. It comes on the same day as the latest UK CPI numbers, which didn’t fall as far as expected. Phil asks NAB’s Gavin Friend whether this could all push rate cuts out further. There’s a worry in some quarters that the Fed could be in the same boat, with FOMC minutes just out. In NZ Adrian Orr said the RBNZ even considered a rate hike for yesterday’s meeting. Meanwhile, NVIDIA’s latest earnings showed
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