For listeners of a certain vintage, the title to today’s podcast is a homage to Creedence Clearwater Revival. As Phil Dobbie discusses with NAB’s Rodrigo Catril, globally yields are on the rise again as it seems the ECB will backtrack on the ‘big bazooka’ of measures foreshadowed. Additionally, Germany is unlikely to add stimulus just yet, preferring an expansionary balanced budget, however that’s achieved. Locally, the NAB business survey continues to paint a pessimistic picture for the Australian economy whilst jobs data in the UK shows some resilience, despite Brexit, with unemployment down and wages up. And oil prices are down, perhaps because the departure of John Bolton from the White House helps ease geopolitical pressures a little.
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Britain’s battle for full fibre broadband
Britain enjoys decent broadband speeds, but the rate of progress seems to have slowed. Will competition help?
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Record highs on equities, bond yields fall, and more weak data
Record highs for US equities as bond yields fall further. NAB’s Gavin Friend talks about more weak data, a dummy spit from President Trump and Australia’s growing trade surplus.
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NBN could increase digital divide
Most people would describe the digital divide as the discrepancy in the availability of new technologies, particularly broadband. On that basis, the roll-out of the NBN (extending broadband to almost every household in Australia) should be good news as it will lessen the divide.
