UK wages push Gilts-Bund spread to historic levels
NAB's Skye Masters talks about the surprise rise in UK wages and looks ahead to the Fed tomorrow.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 17th December 2024
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Markets were surprised overnight by the increased in UK wages. Alongside the weakness in European data lately, the yield spread between the UK and Germany is now at its highest level since the reunification of Germany in 1990. Other data was less surprising. US retail sales rose, but as much as many had anticipated. Canada’s inflation fell. Aussie consumer confidence was down a little, but not by much and after two months of solid growth. NAB’s Skye Masters talks through the day’s news and looks ahead to the Fed meeting. What could surprise the markets this time tomorrow?
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