Making minor adjustments
Monday 23rd September 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere were surprisingly small moves in bond yields on Friday, whilst investors in shares seemed to be momentarily reassessing their optimism after the 50bp cut from the Fed. Nonetheless, two more cuts are assumed this year, with a rising expectation that there will be another big cut before Christmas, assisted by comments from the Fed’s Waller who suggested that inflation is falling faster than expected. The standout move in currencies was the Japanese Yen responding to push-back on the expected timing of the next rate rise by the BoJ’s Governor Ueda. Today, global PMIs are released, giving the latest snapshot on the relative strength of Germany versus the rest of Europe versus the US. Hosted on Acast. See acast.com/privacy for more information.