The US equity markets are mixed ahead of the Apple earnings after the market close, soon. So what will the day bring us? The UK government is voting on Brexit amendments; Jerome Powell gives a press conference where the Fed’s balance sheet will be front and centre; and trade talks are underway between the US and China (not helped by news of criminal charges against Huawei). Phil Dobbie talks to NAB’s Rodrigo Catril about another busy 24 hours, as well as discussing the Aussie slowdown highlighted in the latest NAB Business Survey.
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ECB avoids taper-talk, Biden’s rumoured tax grab
Reports of a capital gains hike has weighed on US equities, but NAB’s Gavin Friend says its been an opportunity for investors to consider the valuations of shares, particularly if the pace of recovery slows. Also, the ECB, not ready to talk tapering just yet.
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The US: more shopping, higher producer prices
Positive jobs numbers will add to the power of the reflation trade, whilst rising producer prices can add to those arguing inflation fears. Plus, NAB’s Gavin Friend gives us the latest from the FOMC minutes.
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America Goes Gaga as Janet Yellen Acts Big
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.
