16 min
PMIs show narrowing US-Europe gap, Inflation Day for Australia NAB Morning Call
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- Business News
Wednesday 24th April 2024
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Financial Services Guide | Information on our services - NAB
PMIs showed some strength in Europe, but were generally weaker than expected in the US. NAB’s Taylor Nugent says it’s the US numbers that generated a market reaction because it adds to the leading indicators that challenge the notion of US exceptionalism and that the gap between the US and Europe is closing. Today the quarterly CPI print for Australia is unlikely to move the dial on RBA cuts, even if it comes in slightly lower than expected. Plus, Tesla’s earnings results, which have seen a rise in after hours pricing.
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Wednesday 24th April 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
PMIs showed some strength in Europe, but were generally weaker than expected in the US. NAB’s Taylor Nugent says it’s the US numbers that generated a market reaction because it adds to the leading indicators that challenge the notion of US exceptionalism and that the gap between the US and Europe is closing. Today the quarterly CPI print for Australia is unlikely to move the dial on RBA cuts, even if it comes in slightly lower than expected. Plus, Tesla’s earnings results, which have seen a rise in after hours pricing.
Hosted on Acast. See acast.com/privacy for more information.
16 min