Friday 8th October 2021
Two cans are being kicked. The US debt ceiling can is being kicked into December, but the issues remain. The gas can has been kicked along by a promise of more fuel from Russia, but isn’t Europe’s dependency on Russia part of the problem? Meanwhile, the Bank of England’s new chief economist is warning of inflation for longer. Is he positioning for a rate rise? NAB’s David de Garis talks through the overnight market news, as well as looking ahead to the Financial Stability Review from the RBA today, and tonight’s non-farm payrolls numbers in the US. There are plenty of reasons why this should be a strong set of numbers.