Market wrap up and a look at the week ahead: NZ/AUS parity, Australian unemployment figures and the upcoming Chinese GDP figures.
CMC Markets general manager Chris Smith talks to NBR reporter Jason Walls about the week that was, and the week ahead.
Topics discussed in depth in the global markets podcast include:
The global markets: Last week saw very strong global markets across the board, there was a huge flight of capital coming into the markets in Europe.
“We continue to see flight for yield and global investors and traders searching for yield across the world as interest rates remain at record low levels.”
NZD/AUS parity and the RBA’s rates decision: Parity failed last week, after the RBA left interest rates unchanged at 2.25%
“We saw a hugely divided decision on the RBA, most of the market had expected that the RBA would move at the April meeting and not delay to the May meeting.”
US earnings: “This week we will see 42 companies in the S&P 500 [report earnings] so a much better gauge of what corporates are doing in the US economy.”
Australia’s Unemployment figures: Australia is due to release its March labour force figures on Thursday.
“This will be even more important on the back of the RBA keeping rates on hold, we all know that the unemployment rate has been rising in Australia verses locally.”
China’s GDP numbers: Are due out this week too.
“We all know that China has been struggling to maintain 7% growth, they have been on a decline since its record growth levels… many economists are expecting a 6.5 – 7% range on Wednesday’s Q1 GDP number.”
Jason Walls
Mon, 13 Apr 2015
Mon, 13 Apr 2015
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Market wrap up and a look at the week ahead: NZ/AUS parity, Australian unemployment figures and the upcoming Chinese GDP figures.
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