Rocky copper and worrying wages
A day out from NVIDIA shares continue to push high, but copper is also racing ahead. Phil asks NAB’s Ray Attrill why, and presses him for his order of central bank cuts.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 22nd May 2024
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Equities were quite contained a day out from the NVIDIA earnings, although the S&P did hit another all time high. Copper prices continue to rise from its new high on Monday. Phil asks Ray what’s driving this – real factors or a speculative bubble? European wages data came in high, so much so that you’d be wondering why the ECB is so committed to a June rate cut. Canada saw inflation growth slow, and with the RBNZ tonight Phil asks Ray for his take on the order of bank cuts.
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