A dovish Jerome Powell sends markets back to where they were before the non-farm payrolls last week. Phil Dobbie talks to NAB’s Gavin Friend about the rising expectation for a rate cut this month.
Start your day with the Morning Call for the latest overnight key economic and market information straight from NAB’s team of expert market economists and strategists.
Small business is starting to see the impact of tariffs says NAB’s Ray Attrill on The Morning Call today, whilst Kaixin Owyong finds some good points in an otherwise gloomy outlook in the latest NAB Business Survey. Plus the Powell testimony today, of course.
Markets are waiting on word from Jerome Powell and cautious about earning season, says NAB’s Tapas Strickland on today’s Morning Call podcast.
Record highs for US equities as bond yields fall further. NAB’s Gavin Friend talks about more weak data, a dummy spit from President Trump and Australia’s growing trade surplus.
What next for the RBA? Where did Carney’s shipwreck come from? And is Lagarde right for the top job at the ECB. On the Morning Call, I go through all the day’s market news with NAB’s Rodrigo Catril.
The G20 providing some relief that things won’t get worse between the US and China but, as NAB’s Tapas Strickland describes, there won’t be any sharp market reaction and a Fed rate cut still looks likely for this month.
Money laundering, US election worries, rising virus cases, lockdowns, Brexit – Gavin Friend says the rest of the world has a lot to worry about, so what stance will Guy Debelle take today, given Australia has less concerns. https://t.co/IbZp1lNuGe