Wednesday 17th June 2020
Market sentiment is higher again this morning from a surprise rebound in US retail sales, coupled with talk of a $1 trillion infrastructure program from the Trump administration, and more stimulus from the Fed. News that an existing low cost drug can significantly reduce the COVID-19 death rate has added to the good news. On the downside, the virus is staging a comeback in various places, including Texas, and the UK is facing worse than expected unemployment numbers.
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Wall street takes a hit with more US-China tensions
Wall street takes a hit with more US-China tensions. I talk to NAB’s Tapas Strickland about concerns about tariffs and a global slowdown. Is the US also starting to slow?
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Trusting Facebook and Google with privacy
Google has admitted to collecting data from unsecured Wi-Fi connections, while Facebook is being criticised for broadening the visibility of users’ content. Are we as a society starting to question where the big online players are placing the boundaries of our privacy?
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Central bank overload
Bond yields in the US continued to rise one day on from the Fed. We’re close to 2011 highs says NAB’s Ken Crompton. In the UK where the BoE lifted rates by 50bp whilst Japan’s Ministry of Finance was forced to step to defend the Yen after the BoJ again did nothing.
