Thursday 5th March 2026
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NAB’s Ken Crompton joins Phil to discuss the global market's resilience amidst escalating Middle East tensions, noting gains in the Nasdaq, S&P 500, and European stocks like the DAX. They dive into the volatility of the Asian markets, specifically South Korea’s KOSPI, which saw a 14% decline following an AI-driven frenzy. Key economic indicators from the US, including strong ISM Services data and a significant rise in export orders, are balanced against a widening gap with PMI figures. They also analyse the contrasting PMI reports from China, Australia's steady 2.6% GDP growth and softening household consumption, and look ahead to today’s timely monthly update on that consumption number.
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