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Equities rise as Europe’s curves flatten

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.

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