{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/631a89913c2be9001415dc41/66c3ae64844d445153d6836e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Shares Rally In Northern Hiatus","description":"<p><strong>Tuesday 20th August 2024</strong></p><p><br></p><p><a href=\"https://www.nab.com.au/content/dam/nabrwd/documents/notice/corporate/nab-research-disclaimer.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">NAB Markets Research Disclaimer</a>&nbsp;</p><p><a href=\"https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT\" rel=\"noopener noreferrer\" target=\"_blank\">Financial Services Guide | Information on our services -</a>&nbsp;<a href=\"https://www.nab.com.au/financial-services-guide?S_KWCID=SEACT\" rel=\"noopener noreferrer\" target=\"_blank\">NAB</a></p><p><br></p><p>We are in the thick of the US and European holiday season, mixed with a dearth of data. Hence, shares are pushing higher, presumably on the hope of greater reassurance around rate cuts from the Fed at Jackson Hole.&nbsp;NAB’s Gavin Friend says markets wouldn’t react well if there isn’t some indication that September cuts are on the cards. Meanwhile the US dollar drifts lower, oil takes a hit and bonds remain fairly flat. &nbsp;&nbsp;Today Canada’s CPI is the main data point, whilst we’ll be looking for any additional colour in the latest minutes from the RBA.</p>","author_name":"Phil Dobbie"}