The US trade representative Robert Lighthizer raised some concerns for the markets as he suggested that any trade deal would require significant structural change on China’s part. As NAB’s Rodrigo Catril discusses with Phil Dobbie it was one of three pieces of news that drove sentiment overnight. The other two were the rising expectation that Brexit will be delayed and the third, the sudden cuts in US oil inventories has pushed prices higher. They also discuss the fallout from yesterday’s Australian construction numbers, and what Jerome Powell had to say during his second day in front of Congress. As usual, they also look ahead to the data to look out for today.
-
Clots slow down the EU vaccine rollout
The markets are taking a breather, says NAB’s Rodrigo Catrill, ahead of the FOMC later in the week. The main news is the slowdown in vaccine rollouts in the EU, with more countries suspending use of the Astra Zeneca vaccine.
-
Lowe on QE, US equities up, pound lower, US inflation tonight
NAB’s Rodrigo Catril on Lowe’s comments on QE on today’s Morning Call podcast. Plus, how US equities and bonds show different ideas about trade talk progress.
-
Reality check as investors run for cover
The Fed gave markets a sharp reality check and today we’re seeing the consequences. NAB’s Ray Attrill on today’s correction.
