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Credit where credit is due

The OECD suggests China’s stimulus measures may only offer short term benefits but, as NAB’s Tapas Strickland discusses with Phil Dobbie, the markets are happy to ignore the long term impacts. We’ll likely see further evidence in China’s retail sales and industrial production numbers today. Tapas talks about how this has helped feed positive sentiment in the US, evidenced by the rising stock market and Treasury yields. They also look at the fall and rise of the Aussie dollar yesterday, the importance of today’s CPI numbers for New Zealand, and a tiny bit of Brexit news, just in case you’d forgotten about it.

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