The week’s got off to a quiet start. As Phil Dobbie discusses with NAB’s Ray Attrill, stocks have taken a step back on weaker earnings figures from two major banks. The Canadian dollar has taken a hit from a business survey that shows demand and business sentiment is softening, but the Empire Manufacturing Index tells a more positive story south of the border. Meanwhile the Aussie dollar has held steady – will the minutes of the last RBA meeting contain anything that will send it moving either way today? Or is it just time to sit back and eat the chocolate?
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More good news, that’s actually bad news
More job openings and rising consumer sentiment – two numbers that pile on the pressure for the Fed to be more aggressive on rate rises, says JBWere’s Sally Auld on today’s Morning Call podcast.
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From uncertainty to positivity? The Year Ahead.
From uncertainty to positivity? The big question. Me with NAB’s Morning Call team in our end of year markets wrap.
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US bond yields fall; risk sentiment boosts equities
Equities and bonds are being driven by 3 things says NAB’s Tapas Strickland – the size of Biden’s infrastructure package, assumption that Fed tapering is still a long way off, plus caution from rising infection numbers in Europe and the US
