The Federal Reserve in the US has lifted interest rates, as anticipated. Phil Dobbie asks NAB’s Ray Attrill whether the message from the bank sets the right tone, given sensitivities in the markets right now. A subsequent fall in equities suggests investors were expecting a slightly more dovish tone. The job is easier for the Bank of England, with nobody expecting too much from their meeting today. There’s also discussion on the rise in oil prices, the fall in Italian bond yields and there’s some meaty data today, including UK retail sales, NZ GDP numbers and Australian employment numbers.
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5 Ways to Lose Staff & Reduce Productivity
Are you as good a manager as you think you are? Even though management styles are improving Richard Dubks says there are still lots of mistakes being made.
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Market unphased by US CPI; ECB stays dovish despite upping forecasts
Markets were unphased by higher-than-expected inflation in the US. NAB’s David de Garis says there’s more interest in next week’s FOMC meeting, after a couple of poor payroll reads.
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More interest in trade deal than impeachment or USMC deal; Australia’s sideways move
Many expect a no-deal on US China trade but a deferment of the weekend’s tariffs. NAB’s David de Garis suggests that’s where markets are right now. Plus, on today’s Morning Call, the take-outs from yesterday’s NAB Business Survey. And I apologise.
