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Job openings up, but growth forecasts down (globally and at home)

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Manage episode 486712381 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wednesday 4th June 2025


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


US equity markets got off to a bad start when the OECD released a downgrade to its growth forecasts but NAB’s Skye Masters says there was a change in mood when the JOLTs data was released. An expected fall in job openings didn’t materialise. There was further good news in Europe, with inflation falling faster than expected, but that’s not going to have any impact on the ECB’s rate cut priced-in for this week. China’s Caixin PMI showed a slowdown in manufacturing in May, not reflected in the official numbers released at the weekend. This morning the ABS releases Australia’s Q2 GDP. Yesterday NAB revised down its pick from 0.5% to 0.2%, quite a bit below where the RBA and most of the market is sitting.


Hosted on Acast. See acast.com/privacy for more information.

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1425 episodes

Artwork
iconShare
 
Manage episode 486712381 series 1400104
Content provided by NAB - The Morning Call and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NAB - The Morning Call and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wednesday 4th June 2025


NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB


US equity markets got off to a bad start when the OECD released a downgrade to its growth forecasts but NAB’s Skye Masters says there was a change in mood when the JOLTs data was released. An expected fall in job openings didn’t materialise. There was further good news in Europe, with inflation falling faster than expected, but that’s not going to have any impact on the ECB’s rate cut priced-in for this week. China’s Caixin PMI showed a slowdown in manufacturing in May, not reflected in the official numbers released at the weekend. This morning the ABS releases Australia’s Q2 GDP. Yesterday NAB revised down its pick from 0.5% to 0.2%, quite a bit below where the RBA and most of the market is sitting.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

1425 episodes

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