Tuesday 21st April 2020
Yesterday on the Morning Call we raised the prospect of oil prices lurching into negative territory. This morning, that’s exactly what has happened for WTI, with a vengeance. Phil Dobbie talks to NAB’s Ray Attrill about why this happened and the impact on other sectors – which has actually been fairly constrained. There’s also discussion on government stimulus measures – including signs that the furloughed worker approach is working – plus, words from the RBA Governor today and the New Zealand easing of restrictions.
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Job woes, Trump tensions and China’s rebound
More unemployed, more Trump rhetoric and more hope of a V-shaped recovery for China. NAB’s David de Garis on a mixed day for market sentiment.
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Online But Way Behind
When it comes to the adoption of eCommerce, Australia continues to lag behind the US and UK markets by three years. Phil Harpur explains why.
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Oil price spills over COVID recovery concerns
Big falls in oil prices, US equities and treasury yields. NAB’s David de Garis says it reflects concerns over European lockdowns and the accuracy of Astra Zeneca data. Meanwhile plans to shift home purchases away from investors has slugged the Kiwi dollar.
