War escalates, and Japan’s PM surprise
NAB’s Tapas Strickland talks about the rising tensions in the Middle East and its impact on oil prices, and the surprise win in Japan’s LDP leadership challenge and the marked reaction on equity futures and the Yen.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 30th September 2024
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What impact will attacks in the Middle East have on markets now? Israel is working hard to neutralise Hezbollah and other Iranian proxy combatants, with attacks on Lebanon and Yemen. It’s the first question Phil put to NAB’s Tapas Strickland on this morning’s podcast. We know there will be a strong response to the election of Japan’s new LDP, with Shigeru Ishiba becoming the new Prime Minister from Tuesday. But what does it mean for the Bank of Japan? They also discuss the latest US PCE data and why markets are expecting a faster rate of cuts than the Fed, as well as looking ahead to European inflation data, Australian deposits and retails ales and US non-farm payrolls at the end of a fairly busy week.
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