US equities gain as US GDP bounces back, but NAB’s Gavin Friend says even with today’s gains it is one of the worst weeks for global stocks for many months.
The markets hit the deck running from risk first thing in Europe, says NAB’s David de Garis. COVID infections and concerns over the transition of power in the US are top of mind.
Strong US data and lingering stimulus hopes helped US equities overnight. NAB’s Gavin Friend talks about the Presidential debate, new stimulus in the UK, mixed data from Europe and a swag of PMIs later today and tonight.
Phil Dobbie Follow
Host of The Morning Call, The Why? Curve & Debunking Economics. Mildly amusing. Shares birthday with Trump, Boy George & Che Guevara, few days older than Boris.
Markets have already responded to rising civil unrest in China says NAB’s Rodrigo Catril. https://shows.acast.com/morningcall/episodes/china-unrest-hits-aussie-dollar-in-early-trade