1
00:00:00,040 --> 00:00:02,400
Speaker 1: Shane solely from Harbor Asset Management is with us A

2
00:00:02,520 --> 00:00:05,559
Speaker 1: Shane Hi here. That so well, thank you mate. So

3
00:00:05,559 --> 00:00:07,720
Speaker 1: we see the markets around the world of continuing to

4
00:00:07,760 --> 00:00:11,000
Speaker 1: price in the interest rate carts, right, is this should

5
00:00:11,000 --> 00:00:13,000
Speaker 1: we be expecting this base on the data we're seeing?

6
00:00:13,760 --> 00:00:16,599
Speaker 2: Yeah, Look, I think we continue to see release data

7
00:00:16,640 --> 00:00:19,360
Speaker 2: releases during the month that show US as this market

8
00:00:19,440 --> 00:00:24,200
Speaker 2: friendly profile and moderating price pressure and activity falling without

9
00:00:24,239 --> 00:00:28,160
Speaker 2: blowing up. That supports central banks continuing the cut rates.

10
00:00:28,240 --> 00:00:32,240
Speaker 2: Last week on Friday, we saw the US Personal Consumption

11
00:00:32,720 --> 00:00:35,280
Speaker 2: experision of inflation, that's the one the US said watches

12
00:00:35,360 --> 00:00:38,479
Speaker 2: coming in line with expectations about point two percent up

13
00:00:38,520 --> 00:00:41,319
Speaker 2: for the month, So nothing to disturbed markets. Markets are

14
00:00:41,320 --> 00:00:44,880
Speaker 2: expecting a quarter of percent cut September from the Fed,

15
00:00:45,040 --> 00:00:47,600
Speaker 2: and certainly it's on track. We've got some data out

16
00:00:47,600 --> 00:00:50,520
Speaker 2: on Friday, the US employment data that will be really

17
00:00:50,520 --> 00:00:53,279
Speaker 2: closely watched. But where it's the case is whether it's

18
00:00:53,280 --> 00:00:55,840
Speaker 2: a quarter or half a percent. So yeah, the data's

19
00:00:55,880 --> 00:00:56,280
Speaker 2: on track.

20
00:00:56,360 --> 00:00:58,200
Speaker 1: Okay, So they're looking okay in the US. What the

21
00:00:58,200 --> 00:01:00,240
Speaker 1: hell's going on with China? Hmm?

22
00:01:00,480 --> 00:01:02,959
Speaker 2: Yeah, really, Max, we see some really choppy data out

23
00:01:03,000 --> 00:01:05,400
Speaker 2: of China. Today we saw one set of data the

24
00:01:05,480 --> 00:01:08,680
Speaker 2: Kaijen Manufacturing Purchasing Management Index. It's a bit of a

25
00:01:08,760 --> 00:01:14,240
Speaker 2: mouthful to lead indicator for inputs particularly from small medium

26
00:01:14,360 --> 00:01:17,240
Speaker 2: size enterprise, and that was good. It was fifty point four,

27
00:01:17,360 --> 00:01:20,920
Speaker 2: so above expectations which are fifty and that thinking there

28
00:01:20,959 --> 00:01:22,760
Speaker 2: was a bit of an expansion. But on over the

29
00:01:22,760 --> 00:01:25,560
Speaker 2: weekend we saw another set of data which is the

30
00:01:25,600 --> 00:01:30,280
Speaker 2: Official Manufacturing and Purchasing Mandarindix, which is state owned enterprises,

31
00:01:30,360 --> 00:01:34,160
Speaker 2: so different set from the small medium sized enterprise and

32
00:01:34,160 --> 00:01:37,000
Speaker 2: that came in lower at forty nine point one. A

33
00:01:37,000 --> 00:01:39,160
Speaker 2: lot of expectations are twenty nine point five and that

34
00:01:39,240 --> 00:01:42,520
Speaker 2: suggests the economy is slowly so look the data just

35
00:01:42,680 --> 00:01:45,920
Speaker 2: is mixed, it just reduced. Now the Chinese economy continuing

36
00:01:45,959 --> 00:01:47,400
Speaker 2: to go to a bit of research. So something to

37
00:01:47,440 --> 00:01:49,080
Speaker 2: watch for New Day on Economy because.

38
00:01:48,880 --> 00:01:50,160
Speaker 1: The stuff Shane is always good to talk to you.

39
00:01:50,160 --> 00:01:51,680
Speaker 1: We'll talk to you next week, mate, look after yourself.

40
00:01:51,680 --> 00:01:53,720
Speaker 1: Shane solely harbor Asset Management.

41
00:01:54,360 --> 00:01:57,520
Speaker 2: For more from Hither Duplessy Allen Drive listen live to

42
00:01:57,640 --> 00:02:00,680
Speaker 2: news Talks it'd be from four pm weekday or follow

43
00:02:00,720 --> 00:02:02,480
Speaker 2: the podcast on iHeartRadio.