EPISODE · May 13, 2025 · 17 MIN
Markets rally on hopes of more deals
from NAB Morning Call
Wednesday 14th May 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere’s no denying, President Trump and his team are out to do deals and, right now, markets seem to be loving in. NAB’s Skye Masters talks through today’s market action, which has seen a significant rise in tech stocks, helped by news that restraints on the sale of NVIDIA stocks could be lifted for the UAE. The other big announcement during the President’s visit to the Middle East is a $142bndefence deal with Saudi Arabia. With all this positive sentiment, it seems investors that were underweight on US equities are quickly buying back in to the market. The S&P is now higher than it was at the start of the year. And, as Phil discusses with Skye, the data we’ve seen over the last 24 hours – US CPI, the NFIB small business survey, NAB’s Australian Business Survey and Westpac’s consumer confidence, all came in a little better than expected. Today, aide from the next bit of Trump news, |ussie wages data is released. It’s unlikely it’ll do anything to stop a cut by the RBA next week. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 14th May 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere’s no denying, President Trump and his team are out to do deals and, right now, markets seem to be loving in. NAB’s Skye Masters talks through today’s market action, which has seen a significant rise in tech stocks, helped by news that restraints on the sale of NVIDIA stocks could be lifted for the UAE. The other big announcement during the President’s visit to the Middle East is a $142bndefence deal with Saudi Arabia. With all this positive sentiment, it seems investors that were underweight on US equities are quickly buying back in to the market. The S&P is now higher than it was at the start of the year. And, as Phil discusses with Skye, the data we’ve seen over the last 24 hours – US CPI, the NFIB small business survey, NAB’s Australian Business Survey and Westpac’s consumer confidence, all came in a little better than expected. Today, aide from the next bit of Trump news, |ussie wages data is released. It’s unlikely it’ll do anything to stop a cut by the RBA next week. Hosted on Acast. See acast.com/privacy for more information.
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Markets rally on hopes of more deals
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