Confidence with a question mark
NAB Morning Call
00:00
The Fed's Move Up in Years Dumps the Markets
The banks got swamped, if you like, by the move after new years. All three of them raised a focus for net interest and highlighted that while there has been some evidence of a small group of customers struggling to make payments. But on the day, I think that the move up in years kind of dumped the mood overall for markets, but certainly for the banks as well. Bloomberg is asking whether S&P firms are expected to post a 9% drop in profits overall in the second quarter.
Transcript
Play full episode
