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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Lifting lockdowns but the debt remains
Two questions remain over the COVID-19 crisis: when is it safe to lift lockdowns, and what will the debt-impact be on the economy?
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Earnings anything but a damp squid
NAB’s Ray Attrill says the US dollar is being kept in check as investors see other central banks moving faster than the Fed. Like the BoE for example, but will they live to regret it?
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Brexit is Needed to Bring Down the EU
Steve Keen’s thoughts are that the concept of the EU, as it stands, is so abhorrent that a Brexit is needed to encourage others to do the same and pull the whole thing apart.
