Wednesday 7th November 2018
As Americans head out to the polls the markets are left guessing whether it’ll be a good or bad result for President Trump. I ask NAB’s Tapas Strickland whether a Democrat led House of Representatives would be seen as a good thing, or an inhibitor to further growth? They also discuss the latest Brexit optimism that has seen the pound rise again, with less positivity over Italy. Plus, the take-outs from yesterday’s RBA decision, and what to expect from NZ employment numbers this morning.
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Fed not dovish enough?
Has the US Fed been dovish enough? I talk to NAB’s Ray Attrill about the stance they have taken, which has surprised many.
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Europe boosted by peace hopes
Markets have responded favourably to talks over Ukraine but, as NAB’s Ray Attrill says, even if peace broke out sanctions are likely to remain for some time, so energy prices would remain an issue. Meanwhile US front end yields continue to rise as Fed speakers talk up rates. And Ivan Colhoun talks through yesterday’s Federal budget.
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Are bailouts bygones?
Shares have been up and down on the forlorn hopes of a stimulus deal. NAB’s Gavin Friend says as the mood darkens, minds are focused on Capitol Hill for any signs of hope.
