NAB – The Morning Call · Markets torn between economic data and virus stats
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Markets torn between economic data and virus stats

Monday 22nd June 2020

Last week was a choppy week as markets tried to balance out positive economic news against rising concerns about COVID-19 infections, particularly in the southern states of the US. As NAB’s Ray Attrill explains, Friday got off to a positive start on rumours that there had been a positive outcome from trade talks between US and China, but then the direction changed when Apple announced it was closing down stores that had re-opened out of the lockdowns, in light of rising infection levels in the US. Retail sales in the UK and Australia provided some positive data but only one can claim a V-shaped recovery.

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