On Monday NAB’s Rodrigo Catril said the markets are blowing
hot and cold on the Coronavirus – since then the markets have dived, then
climbed back again. Today has been largely positive across currencies, equities
and commodities, with bond yields also driven up. Phil Dobbie asks how much of this
positivity is responsible for the Aussie dollar picking up from a near post-GFC
low yesterday, and how much is from the optimistic (perhaps too optimistic) outlook
from the RBA? They also discuss NZ employment numbers today and US non-manufacturing
ISM numbers out tonight.