Monday 5th September 2022
There was a short-lived burst of positivity on Friday, when USD payrolls numbers delivered a Goldilocks result, with jobs rising, but wage rises easing and more people piling into the jobs markets. The good news was offset by news that Russia will not be reopening the Nordstream gas pipeline, adding to the pressure on Europe to navigate its way through winter. NAB’s Tapas Strickland talks through the market impact on today’s podcast, as well as the problems in China, where 65 million people are currently in lockdown in 33 cities. The ECB, RBA and Bank of Canada all meet this week, and the UK gets a new Prime Minister later today.
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Where next for Vodafone and 3?
So where did Vodafone and Hutchison go wrong and will they fare any better as a combined entity? Telstra’s Deena Shiff, Internode’s Simon Hackett and analyst Paul Budde discuss the issue.
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US and Europe – two sides of the same coin
It’s a day of mixed emotions, says NAB’s Rodrigo Catril, with equities heading in opposite directions on each side of the Atlantic. COVID19 news is mixed too – there are glimmers of hope but the timescale may be longer than many had hoped.
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The risk of rising risk sentiment
There’s rising risk sentiment ahead of US inflation data later on. NAB’s Tapas Strickland says there’s some hope that inflation is close to peaking.
