Macquarie Bank notes that spread trends are clearly forming around the effects of QE tapering with a likely impact on the major banks' markets businesses

Macquarie Bank notes that spread trends are clearly forming around the effects of QE tapering with a likely impact on the major banks' markets businesses. According to the broker, NAB and WBC are more exposed to softer trading profits from spread normalisation. Overall, the bank has downgraded earnings for the sector by 0.5 to 1% in anticipation of spread normalisation.


Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter