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Markets turn, just on weekly jobless numbers?

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Manage episode 433178177 series 1400104
Conteúdo fornecido por NAB - The Morning Call and Phil Dobbie. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por NAB - The Morning Call and Phil Dobbie ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.

Friday 9th August 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


There was a sharp turnaround in US equities, with the S&P closing up 2.3%. It seems a lot of weight has been put behind the weekly jobless claims number, which is not normally a data point that would drive markets. But in this climate anything is possible. JBWere’s Sally Auld says it was probably an overreaction. Whilst some might see the week’s fall in claims as supporting an argument that the US is a long way from recession, others will point to the trend which shows claims are rising and the job market is weakening. In Australia the RBA’s Michelle Bullock stepped up the language around the persistence of inflation to try and knock out expectations of cuts this year, and the rising Aussie dollar is a sign that maybe the markets are listening. Today, China’s inflation numbers and Canada’s employment data are the two main releases.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1273 episódios

Artwork
iconCompartilhar
 
Manage episode 433178177 series 1400104
Conteúdo fornecido por NAB - The Morning Call and Phil Dobbie. Todo o conteúdo do podcast, incluindo episódios, gráficos e descrições de podcast, é carregado e fornecido diretamente por NAB - The Morning Call and Phil Dobbie ou por seu parceiro de plataforma de podcast. Se você acredita que alguém está usando seu trabalho protegido por direitos autorais sem sua permissão, siga o processo descrito aqui https://pt.player.fm/legal.

Friday 9th August 2024


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


There was a sharp turnaround in US equities, with the S&P closing up 2.3%. It seems a lot of weight has been put behind the weekly jobless claims number, which is not normally a data point that would drive markets. But in this climate anything is possible. JBWere’s Sally Auld says it was probably an overreaction. Whilst some might see the week’s fall in claims as supporting an argument that the US is a long way from recession, others will point to the trend which shows claims are rising and the job market is weakening. In Australia the RBA’s Michelle Bullock stepped up the language around the persistence of inflation to try and knock out expectations of cuts this year, and the rising Aussie dollar is a sign that maybe the markets are listening. Today, China’s inflation numbers and Canada’s employment data are the two main releases.



Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1273 episódios

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