Thursday 27th February 2020
The markets attempted a bit of a rebound earlier, but it hasn’t lasted long and we kick off the day with the Aussie dollar closer to an all-time low, US treasury yields also hitting new lows and equity markets continuing to slide. Phil Dobbie asks NAB’s Gavin Friend whether some of the rebound is bargain-hunters buying the dip, or whether there are positive signs that could indicate we are nearing the bottom of a v-shaped recovery. Even before the virus the Aussie economy was struggling, and yesterday’s construction numbers were testament to that. But could a Chinese stimulus-fuelled recovery be the good news we’ve been waiting for?