Looking on the soft side
Weaker data, Tesla’s margin squeeze and New Zealand’s falling inflation rate. NAB’s Ken Crompton is asked if this all points to central banks having less to do?
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
Friday 21st April 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There’s definitely a more sombre mood this morning, with equities falling in the US and Europe. Phil asks NAB’s Ken Crompton how much is this down to Tesla’s price cutting, and the need for a squeeze in margins to maintain demand. Yields are also down, with softer employment, manufacturing an housing data from the US. Couple that with falling inflation in New Zealand and the question has to be asked, at least for today, how far do central banks really need to go? We’ll get an update on jJust how soft global economies are today with PMIs for the US, Europe and the UK.
Hosted on Acast. See acast.com/privacy for more information.