UK and Europe move from bad to worse, RBA today


Manage episode 340249745 series 1400104
Зроблено NAB - The Morning Call and Phil Dobbie і знайдено завдяки Player FM та нашій спільноті. Авторські права належать видавцю, а не Player FM, і аудіоматеріали транслюються безпосередньо з сервера видавця. Натисніть на кнопку Підписатися, щоб слідкувати за оновленнями в Player FM або скопіюйте і вставте посилання на канал до іншої програми для подкастів.

Tuesday 6th September 2022

View our disclaimer and terms of use:

View our NAB Financial Services Guide:

It’s RBA day today. NAB’s Ivan Colhoun talks through what to expect, whilst Ray Attrill looks at the worsening situation in the UK and Europe. Gas prices have risen after the closure of the Nordstream pipeline, and oil prices are also on the rise after OPEC+ agreed to production cuts from next month. We’ve also seen a revision in PMIs in Europe, with the UK services PMI moving into contractionary territory. Signs of resilience are quickly disappearing. It’s a different story for the US, though, where ISM numbers are expecting to stay above 50, adding to the pressure the US dollar will place on other major currencies.

Hosted on Acast. See for more information.

1472 епізодів