The Bazooka, at long last?
Is China set to launch a fiscal stimulus that will pump trillions of Yuan into the economy? NAB’s Ray Attrill looks at the market reaction, and why Japan’s leadership contest today could be market moving.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 27th September 2024
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China is set to issue a lot of bonds to fire the long-awaited Bazooka. NAB’s Ray Attrill joins Phil to discuss the market reaction to the speculation that China is, at long last, ready to push ahead with a very sizeable fiscal stimulus. Oil behaved the opposite to what you’d expect from the news, driven by expectations of increased supply from Saudi Arabia and Libya. There’s a lot of European data to absorb today, which could paint a picture f what the ECB will do next. Their next meeting is an each way bet at the moment. Finally, Ray explains why the LDP leadership vote in Japan today could be market moving,
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