Walmart drags equities down, yields rise ahead of Jackson Hole

Friday 22nd August July 2025

NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB

US equities closed in the red again today, with losses more broad-based than earlier in the week. In part it’s a response to Walmart’s results, which showed increased revenue but a cut in earnings, suggesting they were losing margin, perhaps because of tariff impacts.

NAB’s Taylor Nugent returns to the Morning Call to give his take on overnight market moves and the latest PMI numbers for Europe and the US. He says pricing for a September cut has reduced slightly ahead of Jerome Powell’s speech at Jackson Hole. Remember there’s always pressure on the Fed chair to say something new and meaningful at this event. Last year it was the dovish pivot.

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