Let the easing begin
New highs for equities, yields still falling, and two central banks cutting rates.Nas Ken Crompton talks us through a busy night .
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 6th June 2024
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US equities hit new highs today and bond yields continued to fall. The Bank of Canada cut rates overnight with indications there will be more to follow. They pipped the ECB to the post, with their cut expected later today. Equities and bonds have been buoyed by positive sentiment, helped by a surprisingly strong ISM Services number for the US, after a weaker ADP jobs report – combined they add to the case for cuts from the Fed. NABs Ken Crompton joins Phil today to talk through all this central bank action, as well as digging into yesterday’s Australian GDP data.
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