Month: June 2020

China passes security law, US virus ‘out of control’, yet equities still rise

China passes security law, Dr Fauci warns that the virus is ‘out of control’ in the US, and yet equities continue to rise. NAB’s Rodrigo Catril looks at why.

Taking stock on a no-bad news day

Today’s positive market sentiment is driven mainly by a lack of new bad news. NAB’s Ray Attrill says the housing market looks set to be the brightest spot in the US economic recovery.

Will money printing pay for the COVID-19 debt?

UK government debt is racing past £2.7 trillion – even more to come with Boris’ Rooseveltian aspirations. I ask @profstevekeen whether this money really has to be paid back?

Virus numbers cause concern; jobs and Hong Kong focus for the week ahead

Rising infection rates are moderating the speed of recovery in the US says NAB’s Tapas Strickland in today’s Morning Call podcast. So, what does this mean for the Aussie dollar?

Rising Corona, Easing Volcker

Equities in the US have responded to the easing of banking rules but, NAB’s Gavin Friend says, investors still need to see the virus brought under control.

More COVID-19 woes, forecast downgrades and oil concerns

Worrying COVID-19 numbers in the US, a big downward growth update from the WTO and a rise in oil inventories – NAB’s David de Garis says all three are contributing to a sudden downward tilt in market sentiment

PMIs boosts sentiment; NASDAQ hits new high

Positive sentiment boosts equities still higher. NABV’s Tapas Strickland says its down to better than expected PMIs, a tweet on China trade and hopes of more stimulus.

PMIs to help show shape of the recovery

A full set of PMIs today – Phil Dobbie asks NAB’s Rodrigo Catril whether they could knock today’s bullish market sentiment.

Markets torn between economic data and virus stats

Markets continue to be pulled between positive sentiment, encouraging data and rising COVID-19 stats. NAB’s Ray Attrill on today’s Morning Call podcast.

Back to work, but clearly not for everyone

Why, as the US economies reopen, the number of jobless isn’t falling away? “Is it because businesses are finally throwing in the towel as partial reopening reality bites?” asks NAB’s Gavin Friend on today’s Morning Call.

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