In today’s podcast NAB’s Ray Attrill explains how the latest small business data in the US shows signs that tariffs on Chinese imports might be starting to make their mark, and not in a good way. Meanwhile, markets are still in a holding pattern ahead of Fed chair Powell’s testimony to Congress, at midnight tonight (AEST). Ray also talks to Phil Dobbie about the sliding pound, as Boris Johnson notches up the bravado on a no-deal Brexit. And NAB’s Kaixin Owyong looks for bright spots in an otherwise gloomy set of findings on the latest NAB Business Survey.
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China and Omicron hopes drive a bounce back
Markets have bounced back on easing measures for Chinese banks and hopes that Omicron is a mild strain of the virus. It’s still early says NAB’s Rodrigo Catril and low vaccine levels remain a concern for many economies.
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Cautious for no clear reason
There’s more caution in the markets today, even though numbers out of Australia, the US and China were better than expected. There’s a bit of battle fatigue hitting the market says NAB’s David de Garis.
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Breaking the Three Percent Barrier
The ill wind blowing from China are starting to be felt in the western world, says NAB’s Ray Attrill after weaker than anticipated ISM numbers from the US. That helped push 10 year Treasury yield over 3% overnight. Plus, what to expect from the RBA.
