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cover art for UK wages push Gilts-Bund spread to historic levels

NAB Morning Call

UK wages push Gilts-Bund spread to historic levels

Season 8, Ep. 299

Wednesday 17th December 2024


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Financial Services Guide | Information on our services - NAB


Markets were surprised overnight by the increased in UK wages. Alongside the weakness in European data lately, the yield spread between the UK and Germany is now at its highest level since the reunification of Germany in 1990. Other data was less surprising. US retail sales rose, but as much as many had anticipated. Canada’s inflation fell. Aussie consumer confidence was down a little, but not by much and after two months of solid growth. NAB’s Skye Masters talks through the day’s news and looks ahead to the Fed meeting. What could surprise the markets this time tomorrow?

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