US caution amidst stock shocks and services slowdown
Shares hit by bad news for Apple and Telsa. NAB#s \ray Attrill says there’s added caution from a softer services PMI in the US. Aussie GDP numbers will be the focus this morning.
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
Wednesday 6tth March 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
The US ISM services index showed a larger than expected slowdown. As NAB’s ray Attrill describes, that’s driven interest in bonds, helped by another fall in US equities, driven by falls in tech stocks. Here’s also been a rise in Bitcoin and gold, both hitting record highs. Interestingly, the services PMIs for Europe were generally a little better than expected. So does any of this change the timeline for anticipated cuts by the Fed and ECB? Today, Australia’s Q4 GDP is the big number to watch, along with the US job openings numbers. And get the popcorn ready for the results from Super Tuesday, but I think we know who wins.
Hosted on Acast. See acast.com/privacy for more information.