A pinch and a punch, and a win for LePen

Monday 1st July 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt’s the first day of the third quarter. The unsurprising news from French exit-polls this morning shows a clear win for Le Pen’s National Rally party, securing a third of the votes. NAB’s Taylor Nugent says markets have already priced-in the outcome and there’s been very little movement in early trade. Markets responded a little more to Biden’s shaky debate performance on Friday. On the data front, the Core PCE Deflator, the fed’s preferred inflation gauge, was good news – a little better than expected if you look at the second decimal place! Germany’s CPI is out today and the Central Banking get-together kicks off in Portugal.  Hosted on Acast. See acast.com/privacy for more information.