Equities were boosted overnight by the positive (temporary) deal between the US and China. Yet, at the same time, we’re hearing further dovish talk from the Fed and a flattening yield curve – “something that will prick the market’s attention” according to NAB’s Gavin Friend in today’s edition of The Morning Call. So, could the positive sentiment be short-lived. They also look at the rising oil price, the strengthening Aussie dollar and (briefly) the latest on Brexit.
-
Powell wants time to heal
On Friday Jerome Powell says its time to taper, but not raise rates. The labour market needs time to heal, he said. Meanwhile, NAB’s Ray Attrill says positive PMIs at the end of the week show whilst we have inflation, there’s no sign of stagnation.
-
Choppy waters, with a flash of hope for Germany
A bit of market confusion, with mixed data and anticipation ahead of Jackson Hole. NAB’s David de Garis talks through another day with rising equities and a falling US dollar.
-
Fed confirms move to post-pandemic policy
The FOMC met and gave the market what it was expecting, says NAB David d e Garis. Although we have still seen a fall in equities and a sharp rise in bond yields. Hear the take-outs from the Jerome Powell press conference in this morning’s podcast
