Friday 2nd November 2018
The US dollar staged a swift reversal overnight, with the spot index falling significantly. We’ve also seen US stocks on the rise, along with significant leaps forward for the Aussie dollar and the pound, whilst oil falls sharply. Some of these falls can be accounted for by cold hard fact – like Australia’s surprisingly strong balance of trade numbers yesterday – but, as NAB’s Tapas Strickland explains, much of it is based on rumours and hope. For example, rumours that a deal how been struck for London’s financial sector post-Brexit, and hope that China and US are close to a resolution on their trade disagreements. Today, of course, could bring a different story.
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Jobs, stimulus and bond yields
Yields are moving higher for bonds in the US and Europe. NAB’s Gavin Friend looks at why bonds are being sold off and whether it will last. Is it a sign of optimism that economic conditions will improve?
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Australia Post Should Stick to the Knitting
Should Australia Post really be looking for alternate revenue streams to compensate for the rapidly declining demand for postal services?
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Death of a rock star
Steve Jobs was Apple. In this special edition of Twisted Wire we look back at his career and also ask how the company will survive without him.
