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Less jobs, more uncertainty

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Manage episode 438186095 series 1400104
Kandungan disediakan oleh NAB - The Morning Call and Phil Dobbie. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh NAB - The Morning Call and Phil Dobbie atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Thursday 5th September 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


Shares continue to push lower along with bond yields as markets continue to be concerned about the US jobs market. The JOLTs numbers overnight show the least number of jobs available since April 2021. JBWere’s Sally Auld says markets are vacillating between expected a 25bp and a 50bpcut from the Fed this month and the overnight numbers pushed slightly towards the stronger cut. Meanwhile, Australia’s GDP growth data yesterday showed a slowdown in consumption, but the assumption is this will pick up as real income increases, helped along by tax cuts. And the Bank of Canada cut rates for a third time, with more to follow, amidst talk that inflation might fall too far. Ahead of payrolls on Friday we get ADP jobs numbers today and the weekly jobless claims. Expect markets to react!



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1221 episod

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Less jobs, more uncertainty

NAB Morning Call

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Manage episode 438186095 series 1400104
Kandungan disediakan oleh NAB - The Morning Call and Phil Dobbie. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh NAB - The Morning Call and Phil Dobbie atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Thursday 5th September 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


Shares continue to push lower along with bond yields as markets continue to be concerned about the US jobs market. The JOLTs numbers overnight show the least number of jobs available since April 2021. JBWere’s Sally Auld says markets are vacillating between expected a 25bp and a 50bpcut from the Fed this month and the overnight numbers pushed slightly towards the stronger cut. Meanwhile, Australia’s GDP growth data yesterday showed a slowdown in consumption, but the assumption is this will pick up as real income increases, helped along by tax cuts. And the Bank of Canada cut rates for a third time, with more to follow, amidst talk that inflation might fall too far. Ahead of payrolls on Friday we get ADP jobs numbers today and the weekly jobless claims. Expect markets to react!



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

  continue reading

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