Ken Crompton

Ken Crompton, a market economist and strategist at NAB, delves into the fallout from Trump's Greenland comments, discussing the turmoil in currencies and bonds. He highlights the sharp sell-off in Japan's bonds, likening it to a 'Liz Truss moment' due to unfunded tax cuts. The conversation covers the fragility of US-European trade ties, rising commodity prices, and the shifting landscape of global finance, emphasizing the implications for investors and policymakers alike.

Ken Crompton, NAB's markets economist, dives into the shifting landscape of global bond yields and central bank expectations. He discusses the anticipated RBA hold versus a likely Fed rate cut, highlighting the surge in Australian yields. Ken also explores Japan's rising bond yields in light of potential BOJ tightening. He reviews U.S. inflation data and its influence on consumer spending and Fed decisions, while connecting these themes to Canada's unexpected job gains and China's trade dynamics.

Ken Crompton, a senior economist at NAB, joins to dissect the latest US job numbers, which fell short of expectations, hinting at potential Fed rate cuts. He also examines Australia's Q3 GDP, which shows weakness in headlines but strength in demand. The discussion touches on the implications for the RBA's monetary policy, alongside insights into global services PMIs, from China's subdued performance to a sharp drop in Canada's activity. Crompton connects the dots between domestic and international economic signals, offering a comprehensive outlook.