Scott Morrison, or ScoMo as he is colloquially known, is staying on as Australian Prime mInister for the next four years, or until his party oust him, which is becoming a bit of a tradition. But to many, the election result was a bit of a surprise and an immense disappointment. Phil Dobbie talks to Prof Steve Keen, who offers a therapy session for progressive voters. The message is clear – you didn’t want to win this time. Perhaps everyone, from both sides of politics, should be happy with this result. Listen to find out why.
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Inflation – mixed signals and opinions ahead of US CPI
The fall in bond yields overnight is likely to be market positioning ahead of the US CPI numbers today, says NAB’s Tapas Strickland. There’s stil mixed views on where inflation is heading. China’s PPI’s rose sharply and the BoE Andy Haldane said this is a dangerous time for monetary policy.
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Easing off the pedal, Aussie takes a hit
Equity rally stalls I the US. A bit of profit taking, says NAB’s Tapas Strickland, plus caution over the risk of another wave of the virus.
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Draghi turns dovish, China talks hopeful
Big moves in European bonds as Mario Draghi finally talks about ECB stimulus, upsetting President Trump in the process. Phil Dobbie talks to NAB’s Gavin Friend about this sudden turn, the FOMC meeting tomorrow and rising equities on thawing of relations between the US and China.
