Month: July 2020

The big US slowdown, Trump talks election delays

NAB’s Gavin Friend talks through a session that brought no good news from the US – worst GDP fall since WW2, rising continuing unemployment claims, and still no new fiscal package.

Meanwhile, there’s still a climate crisis

The impact of COVID on the economy has overshadowed concerns about climate change. But is htis a taste of things to come?

Powell’s “tough situation”, yet equities push higher again

After today’s FOMC meeting, NAB’s David de Garis says the Fed has a big picture role for the US, but it’s fiscal policy that counts now. But where is it?

Confidence slides, shares fall, as US heads for fiscal cliff

Markets are subdued because of apprehension over earnings results and further delays in the US fiscal stimulus package, says NAB’s Tapas Strickland.

Gold bubbles higher whilst mighty dollar falls further

The US dollar falls further whilst the Euro reaches a multi-year high. Phil Dobbie asks NAB’s Ray Attrill whether this is a long overdue correction.

Will Congress keep the money rolling-in?

NAB’s Rodrigo Catril says the US dollar is being hit on three fronts – Congress failing to reach an agreement on fiscal support, rising tensions with China and COIVD cases in California. At home, Victoria’s rising COVID cases could take the shine of the Aussie dollar today.

Markets tumble, optimism turns to Europe

US markets hurt by jobless claims. NAB’s Gavin Friend says the optimism is switching to Europe, with the rescue plan agreed and COVID cases largely contained.

The race to splash the cash

Expect more movement on the US fiscal stimulus, says NAB’s David de Garis, and an Australia deficit of $180 billion from Josh Frydenberg today.

Suddenly, Europe shines brighter

A huge jump in he Aussie dollar. NAB’s Ray Attrill explains that, in part, it’s the indirect result on the rise in the Euro as a recovery package is finally agreed.

Good tax, bad tax

Income tax, sales tax, council tax, car tax, capital gains tax, inheritance tax – there’s just so much tax! So what’s good and what’s just plain wrong?

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