On a quiet day on the markets – thanks to Martin Luther King Day in the US – the main focus has been, again, on Brexit, as Theresa May outlined her plan B. As Phil Dobbie discusses with NAB’s Tapas Strickland, it looks a lot like Plan A with no resolution in sight. It’s the same with the US China trade deal with IP rights the major bone of contention. And Davos is on, but many of the headline acts aren’t there this year. And the IMF told us what we already know – the world economy is slowing.
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Even Floods Can’t Dampen Optimism
The cost of the Queensland floods could amount to as much as 3 percent of GDP. Despite this, CEOs around the country are still bullish about the future.
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Strong data shows it’s (the) US against the rest
Strong US data overnight helps stock prices, even though a Huawei ban escalates trade tensions with China. Unemployment numbers weigh on the Aussie dollar, whilst May’s imminent departure pulls the pound down. NAB’s Rodrigo Catril talks through what you need to know today.
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Are we overstimulating the economy with the COVID-19 response?
Another $1 trillion stimulus is about to be added to the US economy. I ask Steve Keen if all this extra spending could come back to bite us?
