Most companies have beaten earnings expectations. NAB’s Tapas Strickland says that explains why stocks are at all-time highs, plus the stimulus from the new Presidency.
Janet Yellen says the US administration needs to act big in the next Corona virus package. NAB’s Ray Attrill says she also signalled no change in direction regarding China.
As Biden prepares to move into the White House NAB’s Tapas Strickland says the unanswered question is his attitude towards China.
NAB’s Rodrigo Catril says Biden’s pledge to make sure everyone pays their share has hit equities in the US, whilst demand for bonds has risen as investor chase yield.
Jerome Powell has helped push Treasury yields higher. NAB’s Gavin Friend says the Fed Chair indicated they would look through any short-term rise in inflation as a reason to cut their bond buying.
Coming soon, a fresh sound for early morning business news and commentary.
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