Generate Investment Specialist Greg Smith was back on Newstalk ZB with Mike Hosking this week, discussing two major developments shaping global markets – softer-than-expected US jobs data and a sharp rise in oil prices.
US non-farm payrolls surprised to the downside, with employment falling and unemployment edging higher, adding to signs that the labour market may be cooling. At the same time, oil prices surged amid disruption in the Strait of Hormuz, a critical route for global energy supply, lifting inflation concerns and complicating the outlook for central banks.
The interview explores what these shifts could mean for interest rates, global growth and the potential flow-on effects for New Zealand – from petrol prices to airline costs and broader consumer impacts.
Listen to the full interview below.
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