Australian shares are set to reopen after the Easter break following a mixed session in New York. RBA’s Kent to speak. Follow updates here.
The shortened-trading week begins with a speech by Christopher Kent, RBA assistant governor on “The Future System for Monetary Policy Implementation” at 9.10am in Sydney. At 11.30am, minutes of the March 2024 monetary policy meeting of the Reserve Bank Board are set to be released. Emma Lawson, fixed interest strategist – macroeconomics at Janus Henderson Investors: ”With GDP having moderated at an annual rate of 1.
” Lawson said the global economy remains soft and the US economy is holding up better than most expected. “In this environment, the Australian economy is arguably underperforming. The household sector is anticipated to remain soft in the first half, before picking up later in the year. The investment cycle is mature, and expected to pull back in the second half, while government spending will assume its typical counter cycle role. “Given this, we forecast 2024 GDP at a weak 1.
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