Markets ignore 20.5 million US job losses. Hope springs eternal.

Monday 11th May 2020

The non-farm payrolls data on Friday showed 20.5 million new job losses in one month in the US and yet equities rose. NAB’s Tapas Strickland explains how investors are looking to the recovery, hoping that extra activity by central backs will help economies get back on track, sooner rather than later. He says activity data from China is vital for understanding how quickly the bounce back could happen. US-China trade talks will garner some attention this week, along with the emerging unease between China and Australia. And Brexit talks resume today – just like in the olden days.

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