EPISODE · Jul 20, 2023 · 15 MIN
Too many jobs for central banks liking
from NAB Morning Call
Friday 21st July 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets are back to worrying about jobs data, it seems. Aussie yields rose after yesterday’s much stronger than expected employment numbers. The Aussie dollar is higher, even against a rising US dollar, which is also in part down to job concerns after a fall in unemployment claims last week. NAB’s David de Garis says we shouldn’t get too carried away by one week’s report on jobless claims, which are known for their volatility. UK retail numbers are expected to fall again today, but it’s an economy that keeps surprising us. And Japan’s CPI are out, but are unlikely to change the direction of the BoJ anytime soon. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Friday 21st July 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets are back to worrying about jobs data, it seems. Aussie yields rose after yesterday’s much stronger than expected employment numbers. The Aussie dollar is higher, even against a rising US dollar, which is also in part down to job concerns after a fall in unemployment claims last week. NAB’s David de Garis says we shouldn’t get too carried away by one week’s report on jobless claims, which are known for their volatility. UK retail numbers are expected to fall again today, but it’s an economy that keeps surprising us. And Japan’s CPI are out, but are unlikely to change the direction of the BoJ anytime soon. Hosted on Acast. See acast.com/privacy for more information.
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Too many jobs for central banks liking
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