Tuesday 30th August 2022
Bond yields in Australia rose sharply yesterday. NAB’s Rodrigo Catril says it was part of the global response to Jerome Powell’s short hawkish speech in Jackson Hole on Friday, but it was also because of the much higher than expected July retail numbers for Australia, which might suggest the RBA will have to push harder to knock inflation down to size. There’s also discussion about how quickly the market in the US is expecting to see rates rise, and how quickly they expect inflation to fall. Also, the latest on the European energy crisis, why oil has pushed higher today and a look ahead to European inflation umbers and US jobs data.
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iiNet grabs customers, IIA teaches pollies
iiNet is getting bigger while the major political parties grasp on telecommunications is getting smaller. Two stories for the price of one this week on Twisted Wire.
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Markets rethink Corona risk; Aussie CPI today
Equities rebound – but, on today’s podcast, NAB’s Ray Attrill wonders whether it’s the calm before the next part of the storm over Corona news.
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Vaccine optimism dimmed by new strain
The markets started the week in an ebullient mood, says NAB’s Ray Attrill, but the news of a new strain of COVID-19 have taken off the shine.
