NAB – The Morning Call · Lowe goes heavy, US stocks run hot on Biden hope

Lowe goes heavy, US stocks run hot on Biden hope

Wednesday 4th November 2020

The RBA announced cuts to interest rates and a step up in bond buying yesterday. NAB’s Tapas Strickland says, as other banks follow, there won’t be any influence in the strength of the Aussie dollar. Americans are voting right now, with record numbers of postal and early votes, which could delay the outcome, or speed it up. Although there’s a clear expectation than Biden will win, and the Democrats regain control of the Senate, nobody is entirely sure what will happen over the next 24 hours. Meanwhile the expected mega-listing of the Ant Group has been delayed and Brexit talks have left both sides exhausted. Aside from the US election, payrolls for Australia will be the numbers to watch today.

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