Europe assuming ‘maximum optionality’
Not a significant improvement in German IFOs on Monday, says NAB’s Rodrigo Catril whilst the French central bank governor says they need to go for ‘maximum optionality’ when it comes to where they go next with rates.
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
Tuesday 28th May 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
It’s been a quiet 24 hours with the UK and US on holiday, with the bond and equity markets closed in each place. But Europe was open for business, although the German IFO numbers offered little to get excited about – staying in the same place as last month. One ECB speaker said after the June rate cut, the central bank will retain ‘maximum optionality’ – central bank speak for we’re not sure what happens next. NAB’s Rodrigo Catril guides us through the data, and the commentary from the ECB and the BoJ. Australia’s retail sales numbers are out this morning, along with producer prices for Japan, and the Conference Board’s Consumer Confidence report out tonight in the US.
Hosted on Acast. See acast.com/privacy for more information.