Hawkish RBA, NVIDIA number one
US equities continue to push ahead, whilst retail sales adds to the US slowdown. And could a slowdown in Australia be the only thing stopping a hike b the RBA? NAB’s Rodrigo Catril covers it all on today’s Morning Call podcast.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 19th June 2024
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The most valuable company in the world is not Apple or Microsoft. It's NVIDIA. Can anyone stop them? Meanwhile, the RBA kept rates on hold but in a way that was more hawkish that expected. NAB’s Rodrigo Catril says the committee even discussed the potential for rate hikes. NAB still expects a cut in November, nonetheless. In the US retail sales were weaker whilst government spending rose. Could all this extra government spending delay the fall in US inflation? Today UK CPI numbers are released and the US takes the day off, keeping NVIDIA on top for another 24 hours.
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