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

Phil Dobbie talks to NAB’s Tapas Strickland about what he was trying to say. Plus, the response to US Treasury auctions, what to expect from the Fed minutes, the latest expectation on Aussie rate rises and what’s the story with oil?

Wages key to inflation and monetary policy.

There was a sharp reaction to higher than expected CPI figures overnight but they have been tempered by weaker than expected retail figures.

Stocks fell across Europe and the US overnight.

It’s been another night for selling stocks, Europe taking up where the US and Asia left off (the Eurostoxx 600 was down 1.56%) and this set the tone for the US market.

RBA growth and inflation outlook still on course.

Yesterday’s State of the Union address from the President came and went without any great fanfare as far as market impact was concern.

The dollar remains the hot topic, just as the weather has been in SE Australia with a slice of this summer’s heatwave coming through with a vengeance, not to mention Roger Federer’s fifth and winning set to reach 20 Grand Slam wins at the Australian Open.

Speaking from Davos early in the London session, US Treasury Secretary Steven Mnuchin set the tone for the session saying “obviously a weaker USD is good for us as it relates to trade and opportunities.”

Big dollar subsides again overnight after attempted rally yesterday.

As we go to print this morning, the US House has passed the US tax reform bill.

Markets overnight initially took the lead from a lower than expected print on US core CPI for November, missing the 0.2%/1.8% consensus by a tenth, at 0.1%/1.7%. Stocks rallied, the dollar faded as did Treasury yields.

It’s been a night marked by a suicide bomb explosion in Times Square, an event that thankfully inflicted very contained damage to individuals and even less to market stability.

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