A daily dose of irreverent, offbeat, and informative takes on business & tech news. Hosted by Jon Weigell, Juliet Bennett Rylah, Mark Dent, Ben Berkley, Sara Friedman, Matthew Brown, and Rob Litterst from The Hustle.
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Less jobs, more uncertainty
Manage episode 438186095 series 1400104
Contenuto fornito da NAB - The Morning Call and Phil Dobbie. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da NAB - The Morning Call and Phil Dobbie o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Thursday 5th September 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Shares continue to push lower along with bond yields as markets continue to be concerned about the US jobs market. The JOLTs numbers overnight show the least number of jobs available since April 2021. JBWere’s Sally Auld says markets are vacillating between expected a 25bp and a 50bpcut from the Fed this month and the overnight numbers pushed slightly towards the stronger cut. Meanwhile, Australia’s GDP growth data yesterday showed a slowdown in consumption, but the assumption is this will pick up as real income increases, helped along by tax cuts. And the Bank of Canada cut rates for a third time, with more to follow, amidst talk that inflation might fall too far. Ahead of payrolls on Friday we get ADP jobs numbers today and the weekly jobless claims. Expect markets to react!
Hosted on Acast. See acast.com/privacy for more information.
1262 episodi
Manage episode 438186095 series 1400104
Contenuto fornito da NAB - The Morning Call and Phil Dobbie. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da NAB - The Morning Call and Phil Dobbie o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Thursday 5th September 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Shares continue to push lower along with bond yields as markets continue to be concerned about the US jobs market. The JOLTs numbers overnight show the least number of jobs available since April 2021. JBWere’s Sally Auld says markets are vacillating between expected a 25bp and a 50bpcut from the Fed this month and the overnight numbers pushed slightly towards the stronger cut. Meanwhile, Australia’s GDP growth data yesterday showed a slowdown in consumption, but the assumption is this will pick up as real income increases, helped along by tax cuts. And the Bank of Canada cut rates for a third time, with more to follow, amidst talk that inflation might fall too far. Ahead of payrolls on Friday we get ADP jobs numbers today and the weekly jobless claims. Expect markets to react!
Hosted on Acast. See acast.com/privacy for more information.
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