Market Talk: Fed decision looms large, softer GDP numbers, giant beer merger
NBR News Editor Duncan Bridgeman and Craig's Investment Partner's Mark Lister discuss the latest share market news on NBR Radio and on demand on MyNBR Radio.
One the eve of the most interesting US Federal Reserve decision in many years, economists are divided whether there will be an interest rate hike or not.
But, as Mark Lister of Craigs Investment Partners says, the market is pricing in only a 30% chance of a rate hike in the US.
“So, if we do see the Fed move, you will definitely see the market react to that.”
Speaking with Owen Poland and Duncan Bridgeman on NBR Radio today, Mr Lister says he thinks the US economy is ready for a tightening cycle to begin.
“Personally, I’d actually like to see them hike. I think we need to get this lift off out of the way and see them start moving away from this economic life support that we’ve been on for so long now. So I’d really like to see them make a move.”
“I guess the question is how strongly they will view the impact of all the global uncertainty we’ve seen with what’s happening in China and financial markets as a result.”
Today’s Market Talk session also focuses on New Zealand's GDP numbers, Australia’s new prime minister, the most recent GlobalDairyTrade auction and the Silver Fern Farms deal.
And we also look at plans to merge Anheuser-Busch InBev, the world's biggest brewing company and the owner of Budweiser, and SABMiller, the second-largest brewer.
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NBR Radio
Thu, 17 Sep 2015
Thu, 17 Sep 2015
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Market Talk: Fed decision looms large, softer GDP numbers, giant beer merger
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