Signs of a China bounce-back adds to optimism

Monday 20th April 2020

Friday’s industrial production numbers from China on Friday gave investors hope that a swift economic recovery is possible globally once lockdown measures are eased. NAB’s Tapas Strickland says New Zealand might announce some steps in that direction today, whilst progress on antibody testing could help a selective escape from home confinement for people in all economies. Meanwhile oil prices hit an 18 year low on Friday. With a significant fall in US rigs Phil Dobbie asks whether President Trump will impose a short-term tariff on imports – something he suggested was possible a fortnight ago.

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