Thursday 11th July 2024
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The drive for Joe Biden to step aside continues to dominate the news cycle in America, with actor George Clooney, who held a fundraiser for the President only a month ago, now calling for him to step aside for someone younger. Incidentally, how many Clooney movies can you spot in today’s introduction?
Meanwhile, markets are more focused on what Jerome Powell has been saying and whether the fed will squeeze in two rate cuts before the end of the year, while closer to home, the RBNZ struck a noticeably more dovish tone at their July meeting. NAB’s Taylor Nugent gives his interpretation of what’s said and how markets have responded. The biggest moves today have been in US equities, is that Fed related or jockeying ahead of earnings season?
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