Where now for Europe?
France is struggling to form a government. German imports have fallen. Phil asks NAB’s Gavin Friend whether Europe’s recovery will take a lot longer.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 9th July 2024
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It’s been a lacklustre day for markets. Equities have moved a little ahead of earnings season which kicks off in earnest later in the week. NAB’s Gavin Friend joins Phil to talk about the new French government, which will take some time to form. Will it be one of such compromise that nothing will be achieved? But is it symptomatic of Europe’s future. German trade data showed a sharp fall in imports yesterday. The EU is set to impose fines of countries falling outside their rules on government debt. Is there rally much hope for a European recovery? They also discuss Powell’s testimony tonight – will he use it as an opportunity to signal a change in attitude for the Fed? And NAB’s business survey is out today. Hopefully it will be a little more positive than last month.
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