No Deutsche Courage
More banking uncertainty at the end of last week. NAB’s Rodrigo Catril says concerns over Deutsche Bank created volatility in equity markets in Europe and the US – but is there any real cause for concern?
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 27th March 2023
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Uncertainty returned to markets on Friday. NAB’s Rodrigo Catril says concerns over Deutsche Bank was the source of volatility for equity markets in Europe and in early trade in the US. It’s not clear whether there is anything to be concerned about - Olaf Schulz, the German Chancellor, says not. Meanwhile, central banks are determined to continue on their counter-inflationary path of rate hikes, with some I the Fed expecting a few more of them before they are finished. So, what of the RBA? We get the monthly inflation data and retail sales this week, but it seems likely they will raise next week.
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