NAB – The Morning Call · New Australian government, same global concerns

New Australian government, same global concerns

Monday 23rd May 2022

Will a new government have any market impact? NAB’s Skye Masters has been looking at how markets behaved, relatively speaking, in the first few months of a new government. Irrespective of history, the reality is, of course, that global concerns are far greater this time round, with markets pulled between inflation concerns and recession fears. The Fed’s James Bullard doesn’t think a recession is the on the cards for the US and thinks inflation can be beaten by next year if they push rates fast enough this year. The UK demonstrated that, despite price pressures and very low consumer sentiment, people are still shopping. It shows the importance of data right now, as we all try to grapple with the direction of economies the world over.

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