Bad Apple, Swiss Surprise, English Hawks fly

Friday 22nd March 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABEquity markets ushed higher, presumably on expectations of looming rate cuts by various central banks. NAB’s Gavin Friend in London says a move in August is still expected by the Bank of England, as the two hawks who voted for a rise last time fell in line in the latest meeting. In fact, one central bank did cut rates overnight. But what about the impacts of local data yesterday. Was the Australia unemployment number too low for the RBA, and the NZ GDP read too soft for the RBNZ? Hosted on Acast. See acast.com/privacy for more information.