Are equity markets looking more at a downturn than rate cuts?

Friday 19th July 2024

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US equity markets fell sharply overnight. It’s not just tech stocks feeling the hurt, the weakness is spread more broadly than that, implying that concerns of an economic slowdown are outweighing the benefits of rate cuts. Rate cuts could be happening more slowly in Europe, with some in the ECB indicating that there might be only one more cut this year. NAB’s Ken Crompton returns from his holidays to discuss the market moves and the latest data, including Australian and UK employment numbers, and looking ahead to Japan’s CPI today. We also cover the Netflix earnings results, just out.

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