EPISODE · Aug 29, 2023 · 15 MIN
A quick JOLT to the equity and bond markets
from NAB Morning Call
Wednesday 30th August 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABJob openings declined more than expected in the latest data from the US. That’s seen bond yields drive lower as investors hope this slight weakening in the labour market will see off any further hikes by the FOMC. NAB’s Taylor Nugent says it’ll have to be confirmed with the non-farm payrolls numbers on Friday night. The ADP employment numbers later today have been a notoriously unreliable indicator lately, but markets are still likely to respond if the number falls outside expectations. Locally, Australia’s CPI data is out today, ahead of the RBA next week. Taylor talks through what to look out for in today’s numbers. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 30th August 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABJob openings declined more than expected in the latest data from the US. That’s seen bond yields drive lower as investors hope this slight weakening in the labour market will see off any further hikes by the FOMC. NAB’s Taylor Nugent says it’ll have to be confirmed with the non-farm payrolls numbers on Friday night. The ADP employment numbers later today have been a notoriously unreliable indicator lately, but markets are still likely to respond if the number falls outside expectations. Locally, Australia’s CPI data is out today, ahead of the RBA next week. Taylor talks through what to look out for in today’s numbers. Hosted on Acast. See acast.com/privacy for more information.
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A quick JOLT to the equity and bond markets
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