Thursday 8th September 2022
There were big market moves yesterday and overnight, with sharp drops in oil prices, bond yields falling, a turnaround in US equities and the US dollar losing some ground. Even so, the Yen has fallen further, to its lowest level in 24 years. NAB’s Skye Masters says there wasn’t much data to influence the markets, but there was a lot of Fed commentary that is suggesting that perhaps the pace of interest rate moves might begin to slow down. Falling oil prices and government subsidies on gas prices in Europe and the UK will also be seen as helping to tame inflation.
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EU votes on Brexit shambles
The EU has voted on the trade agreement we already have. So how is it working out for us? Vicky Pryce joins me on today’s It’s the Business for a Brexit stock take.
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A big step to the soft landing few believe will happen
The Fed lifted rates by 75 basis points and, as NAB’s Ray Attrill points out, they suggested the next meeting will see another 50 or 75 basis point rise. But, will it all lead to a soft landing?
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Corona bailouts – for main street or Wall Street?
Is enough is being done to facilitate a rapid economic recovery, and who will be the beneficiaries – the business sector or the finance sector?
