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Weaker Services data pushes equities higher and bond yields lower

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Manage episode 427021711 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.

Thursday 4th July 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


The S&P hit new highs as bond yields fell overnight. Markets clearly thought the latest ISM Services number, which came in surprisingly weak, is just the sort of slowdown indicator that will encourage the Fed to act sooner rather than later. JBWere’s Sally Auld talks through the numbers, the market reaction, and the diverse attitudes of Fed members displayed in the latest FOMC minutes. There’s also discussion on yesterday’s Australia retail sales, that came in a little stronger than the RBA might like, but it’s just one month and there are a lot of seasonal factors at play. Prepare for a quiet day today, with the US on holiday. But keep an eye out for the Bidden story. Could pressure be mounting for him to step out of the race, for someone younger who is able to finish sentences.



Hosted on Acast. See acast.com/privacy for more information.

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1265 episodes

Artwork
iconShare
 
Manage episode 427021711 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.

Thursday 4th July 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


The S&P hit new highs as bond yields fell overnight. Markets clearly thought the latest ISM Services number, which came in surprisingly weak, is just the sort of slowdown indicator that will encourage the Fed to act sooner rather than later. JBWere’s Sally Auld talks through the numbers, the market reaction, and the diverse attitudes of Fed members displayed in the latest FOMC minutes. There’s also discussion on yesterday’s Australia retail sales, that came in a little stronger than the RBA might like, but it’s just one month and there are a lot of seasonal factors at play. Prepare for a quiet day today, with the US on holiday. But keep an eye out for the Bidden story. Could pressure be mounting for him to step out of the race, for someone younger who is able to finish sentences.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

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