European bonds. COVID-19 infection numbers continue to rise – could the Michigan consumer sentiment read on Friday mark a shift in direction, as more lockdowns seem likely? Closer to home New Zealand’s PMI reading was positive – how different is the story for Australia now? There will be a lot of interest in a lunchtime address by the RBA’s Philip Lowe tomorrow and the government’s budget update on Thursday.
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Draghi ignores the freefall, for now
The IFO shows Europe is in ‘freefall’ but, as NAB’s David de Garis discusses on today’s Morning Call podcast, the ECB made no moves today.
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Tasmanian Premier Bartlett talks NBN
In today’s Twisted Wire, Tasmanian Premier David Bartlett explains his vision for a broadband enabled Tasmania, that will “leapfrog every other nation on earth”.
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Inflation – mixed signals and opinions ahead of US CPI
The fall in bond yields overnight is likely to be market positioning ahead of the US CPI numbers today, says NAB’s Tapas Strickland. There’s stil mixed views on where inflation is heading. China’s PPI’s rose sharply and the BoE Andy Haldane said this is a dangerous time for monetary policy.
