Thursday 1st August 2024

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It’s been a busy session, with US shares shooting higher as the Fe keeps rates on hold but the market reading the fed’s commentary of a September cut even more likely. During the press conference Jerome Powell basically said it was on the table if things carried on as they are. NAB’s Taylor Nugent talks through the latest from the Fed, and suggests that yesterday’s softer than expected CPI print for Australia puts paid to any further talk of rate rises. But it’s also not good enough to bring forward cuts. The Bank of Japan did lift rates by 15bp, pushing yields up and a 2 percent rise in the Yen. Today the Bank of England meets. Will they really cut rates head of the Fed? And Meta reported strong earnings after the close, helping bolster after-hours trade.

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Wednesday 31st July 2024

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Financial Services Guide | Information on our services - NAB

It’s a packed episode of The Morning Call today as Phil gets NAB’s Ray Attrill to take us through the latest GDP and inflation data from Europe, jobs data from the US and, from China, the Politburo’s promise to jump into action and reach 5% GDP, without really saying how. Today Australia’s CPI is the main point of interest because it could drive the RBA to an interest rate rise. A rise is expected from the bank of Japan later, perhaps a little more than previously thought. And Microsoft’s earnings results came in stronger than expected, but the after hours share price clearly didn’t like the softer results for intelligent cloud revenue.

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Tuesday 30th July 2024

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Financial Services Guide | Information on our services - NAB

It’s been a quiet session, with shares and bond markets moving very little, as we await the Fed and some high-profile earnings results. We’ve seen very tight trading ranges, says NABs Skye Masters on today’s podcast. The mood music though is one of an anticipated slowdown. That’s why oil prices and industrial metals are down so much. McDonalds reported a fall in global sales in their latest earnings report. European GDP is the major number out today, a long with job openings for the US. And listen in for how US earnings results give a foretaste of where the US employment market is heading.

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