Tuesday 17th November 2020
Markets have been lifted higher on further vaccine news, with Moderna saying their trials have shown 94.5 percent effectiveness. NAB’s Rodrigo Catril says markets are pricing in the positive news that we could have vaccines distributed early next year, whilst ignoring the bad news of rising infection rates, particularly in the US. There’s also discussion on today’s podcasts about comments from the RBA’s Philip Lowe yesterday, with a focus on the labour market and the need to contain the strength of the Aussie dollar. Plus, the latest on Europe’s recovery plans and Japan’s trade numbers and US retail numbers due out later today.