There’s been significant progress on the two stories that have hindered markets this year. As Phil Dobbie discusses with NAB’s Rodrigo Catril it looks like the US’s 1st March deadline for increased tariffs on Chinese imports will be pushed back. Presidents Trump and Xi could well be meeting soon for a ‘signing ceremony’ at Mar-a-Lago. The other significant development is with Brexit, with the Labour party now appearing to back a Peoples Vote. If it gets enough backing in parliament the UK could get to choose again whether they want to stay in the EU or not. Plus, how one tweet from Trump sends oil prices cascading.
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Market cautious over speed of recovery
Wednesday 21st April 2021
There’s a cautious mood in the markets right now, with US stocks down, with smaller caps hit particularly hard. NAB’s Ray Attrill discusses whether this is all down to a revaluation of the speed of the economic recovery. Could the tightening of credit be responsible for this? It’s hard for businesses to recover without borrowing. There’s also discussion of yesterday’s RBA minutes and the expectations for Australia’s retail numbers out this morning.
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Have women made life more expensive?
I talk to Professor Steve Keen about the negative impact of a growing workforce – not just dual incomes, but also the rising number of hours worked. And how do we redress the balance?
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Market optimism as deadlines pushed back
A deal before the government shutdown and a delay to the March 1 tariffs on China? As NAB’s Tapas Strickland suggests, the markets seem to think so, although President Trump isn’t giving too much away.
