Wednesday 8th April 2020
It’s staggering that, with so much uncertainty still remaining over the length and depth of the Corona virus, that US equity markets are close to a bull run – a 20% increase since March 23. On today’s Morning Call, NAB’s Ray Attrill talks about how the optimism is being driven by the infection and fatality curves for COVID-19 in Europe and the US. There’s also discussion about the RBA meeting yesterday and the bank’s attitude to tapering it’s new QE program; the EU meeting underway to discuss the potential for Corona Bonds that could help direct funding to countries most in need – should Germany play ball – and tomorrow’s FOMC minutes. But it’s mainly all about the curve.