NAB – The Morning Call · Taking stock on a no-bad news day

Taking stock on a no-bad news day

Tuesday 30th June 2020

There’s a little positive sentiment pushing shares higher again today and helping the US dollar gain on the Yen and Swiss Franc. Why the optimism? Because there wasn’t really any new bad news. NAB’s Ray Attrill says the housing market seems to be the brightest spot in the US economic recovery, with a 44 percent increase in pending home sales. The Dallas Fed manufacturing index also gave some encouragement, even with the rising COVID-19 infections in Texas. Today China’s PMI numbers, Aussie weekly jobs numbers, words from Guy Debelle and US consumer confidence numbers from the Conference Board will all be worth watching.

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