NAB believes additional rate cuts are coming soon

National Australia Bank (ASX: NAB) on 11 September 2019, revised its take on the cash rate, incorporating an additional rate cut in February 2020, taking the cash rate to 0.5%. However, the Bank is also expecting the next cut to be in November 2019 or as early as October 2019 if further weakness is observed in the labour market.

  • The lower interest rates forecast reflect a rise in downside risks to the domestic economy while the world economic outlook is also bleak;
  • With US-China Trade war escalation, reducing business confidence lading to deferred investments, global Central banks are responding with easier policy.

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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

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