The Fed’s Beige Book was out this morning and NAB’s David de Garis has been flicking through the pages. He tells Phil Dobbie that the report talks of modest growth, with slowing employment growth and concerns about trade related uncertainty. There’s also some concern about the US debt ceiling again. Could we be heading for another government shutdown? The pound has bounced back, despite any Brexit news that doesn’t point to a no-deal or a kamikaze election for the Tories. Whilst employment data is the big event for Australia – will the numbers march in the direction of the RBA’s target of 4.5% unemployment?
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Fed fund futures turn negative, BoE talks UK back to 1706
Fed futures move into negative territory. NAB’s Gavin Friend considers why. Whilst the BoE considers a contraction not seen for 300 years.
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Apple sparks concern over virus impact
Apple sparks a concern over the impact of the virus. NAB’s Gavin Friend discusses the market reaction. Plus, Europe’s bad ZEW reading, the RBA’s easing bias and Japan’s race to recession.
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A vaccine for COVID, lifeboats for Hong Kong
Markets have been pulled two ways. NAB’s Gavin Friend talks through the rising concern over Hong Kong versus news that a vaccine has shown positive signs of working.
