Interest rates are on hold but what are the other key indicators for the year ahead? We break it down.
No news in falling commodity prices. The big questions for 2016 are residential construction cycle and the non-mining economy. We expect RBA to be on hold right through 2016.
A fairly crazy start to 2016 although uniformity in that the directional moves in key global markets has been negative. Major stockmarket indices are down 12% in China and 8% in
Australia and the US; Oil is down $4 to US$33; US and Australian 10-year Government bond yields are down 15bps and are now lower than when the Fed hiked in December; and the AUD/USD has slid 3.5 cents to just under US 70 cents.
For full analysis, download report:
For further FX, Interest rate and Commodities information visit nab.com.au/nabfinancialmarkets
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.