There were no big movements on US equities or bonds overnight, as markets wait to see what Jerome Powell has to say in his Congress testimonies mid-week. But he’s not long, there are no less than ten speeches by Fed officials between now and Thursday. That should mean we all have a clearer idea about the Fed will do this month – down a bit, or not at all? Phil Dobbie also talks to NAB’s Tapas Strickland about politics in Greece and Turkey, the latest data from Europe, Aussie house prices, today’s NAB Business Survey and the world’s newest trade dispute.
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Will Rory Stewart save the Tory party?
Have the Tory’s got one moderate, in Rory Stewart, who could save the day – for Brexit and for their party? Or will we be stuck with bombastic Boris?
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Multi-year highs for the Aussie Dollar and Sterling, whilst US yields shoot higher
The Aussie dollar is rising faster than anticipated, says NAB’s Ray Attrill as the reflation trade pushes commodities higher. Both the Aussie dollar and Sterling hit multi-year highs on Friday.
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Hiking away from the fighting
It’s a topsey-turvey kind of day, says NAB’s David de Garis, as equites despite the prosect of rate hikes and bond yields push higher despite signs the war in Ukraine will only get worse. So why does today feel a bit like business as usual?
