US Ready to Open, Aussie confidence climbs, UK employment glum
NAB business confidence held up reasonably well, with consumer confidence bouncing back. Neither are compelling reasons for the RBA to cut rates in a hurry.
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 12th November 2025
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
It was reasonably constructive news from the latest NAB Business Survey according to Taylor Nugent. Confidence fell 2pts in October, but it remains above the long run average and echoes concerns from Andrew Hauser about rising capacity utilisation. Aussie consumer confidence jumped yesterday, despite expectations that the RBA will cut rates later, or not at all. Meanwhile, it looks like the US shutdown could end as soon as today, and we can expect a swag of delayed data as soon as next week. The UK Chancellor probably didn’t want to see the data that landed on her desk yesterday morning – unemployment grew faster than expected. But it has added to the expectation of a BoE cut in December.
Hosted on Acast. See acast.com/privacy for more information.