Jobs, growth, inflation and tech earnings.
Australia’s CPI is the key number today, says NAB’s Taylor Nugent, whilst mixed messages from US job openings ahead of non-farm payrolls this week. Plus the start of the tech earnings onslaught.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 30th October 2024
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Something for everyone today. On the jobs front US openings are down, whilst unemployment in Japan fell. On growth we have the US GDP number today, after the Atlanta Fed’s GDP Now forecast for Q3 was revised down. Europe’s GDP numbers are released today along with CPI for various European countries, and for the Eurozone as a whole, today and tomorrow. More significantly, Australia’s quarterly CPI read is released this morning. Phil asks NAB’s Taylor Nugent whether it’ll have much impact on the timing of cuts from the RBA. Then there’s the tech earnings - Alphabet today, Meta and Microsoft tomorrow, Apple the day after.
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