Risk on switched off, whilst Riksbank gets on with it
Why are markets less ebullient today, even though hopes remain for a China stimulus and there’s not been much in the way of data to change anyone’s view of the world? NAB’s Ken Crompton looks at what’s going on.
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
Thursday 26th September 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The slight risk-on mood we saw after news of potential further stimulus measures in China has ebbed away a little today, particularly in the share market, where indices are generally lower in the US and Europe overnight. NAB’s Ken Crompton says there’s a bit of a reassessment during a session low on data. Expectations for an outside cut by the Fed have fallen slightly on the back of one large individual trade. The Riksbank, though, is confidently cutting rates, suggesting they’ll keep going until they reach their neutral rate, once they’ve decided what that is. Given the focus lately is on watching jobs, Australia’s job vacancies and US jobless claims will prove interesting today. And a night when too many Fed speakers is barely enough.
Hosted on Acast. See acast.com/privacy for more information.