NAB – The Morning Call · Trump’s Last Stand; PMI’s Galore Today
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Trump’s Last Stand; PMI’s Galore Today

Friday 23rd October 2020

In a few hours Joe Biden and Donald Trump go head to head in the last election debate. NAB;s Gavin Friend says equities have picked up some momentum later in the session, possibly not because of lingering hopes of a pre-election stimulus deal, but more on a Biden victory that could secure a more sizeable deal than would ever be agreeable to fiscally conservative Republicans. The UK has added more support payments for workers as COVID cases continue to rise, there and across Europe. A newspaper report claims Michael Barnier sees fish as the only sticking point for Brexit, which suggests a deal is closer than ever. And PMIs for Europe, the UK and the US will give an indication on to what extent the service sector has stalled in its recovery.

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