Marc Ostwald, Strategist at ADM Investor Services discusses why today’s non-farm payrolls figure could match the estimated number of around 180K and details the twisted fundamentals of the UK property market.
Ostwald asks viewers to keep an eye on revisions to previous month’s figure adds it would be interesting to see how markets react to the upward revision of last month’s horrible reading of 38K. Coming to markets, Ostwald says markets are convinced the political situation will force markets to continue greasing markets. ‘BOE could do easing, but it is unlikely to be anything more than a 25 basis points cut in the interest rates’, says Ostwald.
When asked about UK property markets mess, Ostwald details the real risks and points to the fact that the feed through in the property prices is now top to bottom, rather than traditional bottom to top. Ostwald makes interesting points to key fundamental points of the property market, which makes this video a must watch in the current scenario.