A daily dose of irreverent, offbeat, and informative takes on business & tech news. Hosted by Jon Weigell, Juliet Bennett Rylah, Mark Dent, Ben Berkley, Sara Friedman, Matthew Brown, and Rob Litterst from The Hustle.
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Are strong PMIs pushing cuts back even further?
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Manage episode 419868726 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Friday 24th May 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Stronger than expected PMIs in the US – for manufacturing and services – have pushed bond yields higher. Equities, which started the session strong on the back of the NVIDIA earnings, have also fallen sharply today as pricing for rate cuts by the Fed gets pushed back further. NAB’s Taylor Nugent says the data for the US does need to continue to soften for the Fed to deliver on cuts, and these numbers went against that trend. In Europe the latest ECB wages data also challenged expectations for moves beyond the already signalled June cut.
Hosted on Acast. See acast.com/privacy for more information.
1195 episodes
MP3•Episode home
Manage episode 419868726 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Friday 24th May 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Stronger than expected PMIs in the US – for manufacturing and services – have pushed bond yields higher. Equities, which started the session strong on the back of the NVIDIA earnings, have also fallen sharply today as pricing for rate cuts by the Fed gets pushed back further. NAB’s Taylor Nugent says the data for the US does need to continue to soften for the Fed to deliver on cuts, and these numbers went against that trend. In Europe the latest ECB wages data also challenged expectations for moves beyond the already signalled June cut.
Hosted on Acast. See acast.com/privacy for more information.
1195 episodes
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