UK inflation slows, but not enough. Aussie employment numbers today.
US inflation falls, but is it enough? Aussie employment today. And tough talk on China from Biden. All the detail with NAB’s Rodrigo Catril.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Thursday 18th April 2024
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Markets were mixed overnight. The dollar lost a bit of ground, AUD and NZD outperformed, bond yields fell, while US equities have continued to struggle. The only geopolitics to speak of came from Joe Biden talking upping the need to impose hefty tariffs on Chinese steel and aluminium imports. NAB’s Rodrigo Catril says it as a bit of electioneering and pacifying the US steel industry. Today Australia’s employment numbers will be the focus. The unemployment rate rose considerably in February but as Rodrigo points out, these numbers can be very volatile.
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