AUTHORS

David de Garis

David de Garis

Director and Senior Economist

“Dave writes for the Bank’s daily and weekly economics and market reports, and speaks with the media, often on a day to day basis speaking about the economy and financial markets”

Dave is a Director and Senior Economist with the NAB.

His bread and butter work is as a business, treasury or financial markets economist, speaking with clients ranging from the Bank’s agribusiness and corporate clients as well as to institutional clients at home and abroad.

He’s writes for the Bank’s daily and weekly economics and market reports, and speaks with the media, often on a day to day basis speaking about the economy and financial markets.

Dave did his economics apprenticeship with federal governments of various persuasions in Canberra, before he left Canberra in the late 1980s. He finished his indenture in Canberra as a senior economic adviser in the then Prime Minister Bob Hawke’s Department in Canberra, and before that in the Federal Treasury and the Bureau of Statistics.

RECENTLY PUBLISHED ARTICLES

The FOMC this morning announced as expected the formal start to winding down its balance sheet to commence next month.

Another day on and the Pound has again been the star performer in the currency markets.

While the market’s focus was expected to be primarily on the US CPI print for August, there was much more market action across the Atlantic with the Pound soaring on the back of a near term rate rise warning from the Bank of England.

There are plenty of news stories about the muted reaction from markets to the latest escalation on the Korean peninsula.

The “risk off” sentiment that overshadowed markets after the launch of yet another missile from North Korea didn’t even last 24 hours.

With Jackson Hole out of the way, markets and related news have been more focussed on Hurricane Harvey, some more news stories out of the West Wing and the resumption of UK-EU Brexit talks. It was a bank holiday in the UK.

Construction job opportunities rising; mining jobs reappearing

Markets are little changed in the lead up to Jackson Hole, with little in the way of major FX moves to report.

It’s been a risk-on night, a night of some returning support for the USD, the Bloomberg spot dollar index up 0.34% (the DXY by 0.46%), the Swiss Franc and the Yen seeing the larger declines overnight. The driver has been US politics and enlivened talk on tax reform.

Retail glimmers of light in a competitive landscape.

“We are experiencing a bubble not in stock prices but in bond price”.

The Euro is trading this morning at 1.1844, the best performing of the majors overnight, up 0.96%.

The AUD lost momentum into the London session as the USD recovered some of its mojo.

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