NAB – The Morning Call · Aussie jobs flourish and US equities bounce
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Aussie jobs flourish and US equities bounce

Friday December 21st 2022

Australia’s job numbers were well above expectations yesterday. NAB’s Ivan Colhoun talks about what this means for the RBA, who are still at odds with the market on their timetable for rate hikes. NAB’s David de Garis in London talks about the move up in equities and bond prices this session, suggesting it is likely to be nothing more than a bounce. The expectation is still that the Fed will end QE and move to rate hikes swiftly this year. It’s a less definitive picture in Europe, with the ECB minutes highlighting the divided opinions of the board. UK and Canadian retail numbers are out later today.

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