Jobs take back seat as election drives the markets
After Friday’s jobs numbers there is clearly a moderating trend in the US labour market, says NAB’s Ray Attrill. Meanwhile, all eyes are on this week’s election outcome.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 4th November 2024
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Mid-morning Wednesday Australia time the polls close in the US and soon after, hopefully, the world will know the choice made from two very different political and economic agendas. NAB’s Ray Attrill says this uncertainty is showing through in the data. It’s been blamed for the fall in the US manufacturing index on Friday, for example. It perhaps also explains why there was a limited response to Friday’s non-farm payrolls data, which showed an unexpected contraction in employment growth. Also today, is NVIDIA about to overtake Apple as the highest valued company on the planet?
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