Last week finished on a positive note, sparked by a strong bounce back in credit growth in China, together with very strong export numbers. It saw money flow from the safe-haven of the US dollar and treasuries, to global equities. The Aussie dollar was another major beneficiary. Phil Dobbie asks NAB’s Rodrigo Catril whether the numbers significant enough to carry the risk-on sentiment through to this week.
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The Kiwi flies, Powell stands still
The NZ dollar soared as the RBNZ kept rates on hold yesterday. NAB’s David de Garis says the dollar has kept that level since. Otherwise markets were fairly muted given a total lack of other surprising news.
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UK Government Goes Dutch On Lunch
NAB’s David de Garis talks through the next stage in the UK’s support package, but is it enough to stave off unemployment? Any ideas for Australia?
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Markets might have overaccentuated the positive
Markets have reacted badly to economic data out of the US. Even though investors have been looking to life beyond the curve, the size of the economic impact as had a psychological impact, says NAB’s Gavin Friend.
