• Them and the rest of us

  • Nov 6 2024
  • Length: 16 mins
  • Podcast

Them and the rest of us

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  • Summary

  • Thursday 7th November 2024


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    There is a Trump trade after all, and we just saw it. The US dollar rising, bond yields in the US pushing higher, US equities higher at the expense of equity markets elsewhere. NAB’s Gavin Friend joins Phil to talk through the market response to the US Presidential election news. They discuss how it’s hit Europe and how it could prompt a domestic focus on China’s stimulus, which is expected to be announced on Friday. Meanwhile, will the news have any impact on the Fed and Bank of England, both meeting in the next 24 hours. Not this time round says Gavin, but there’s no doubt Trump’s promise of further tax cuts could have an impact on the terminal rate in the US.




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