Thursday 14th January 2021
An ensuing impeachment of the US President continues to be of little concern to the markets, with more focus on the words coming from central bankers. NAB’s Tapas Strickland talks about the continued fall in bond yields, as Fed speakers downplay the prospect of tapering of bond purchases later this year, aided by subdued US inflation numbers. All eyes will be on Joe Bidens stimulus plans and how much extra money he plans to pump into the economy. Meanwhile, Aussie job numbers have gone through the roof and Italy’s government is on the verge of collapse.
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Risk on, with inflation? RBNZ ready to lift rates
The impact of the Delta variant has not been as bad as expected, says NAB’s Rodrigo Catril, evidenced by strong ISM numbers from the US, hence a risk-on mood this morning. But inflation remains a concern around the world.
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Selling the NBN dream
A little over a week ago Fairfax and News Ltd each ran a story about a collection of prominent Australians who would sell the benefits of the National Broadband Network to the Australian population.
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Reddit Warriors, Vaccine Nationalism and Morrison’s Budget Repair
Equities reeled from the impact of the Redditt day traders on Friday. NAB’s Tapas Strickland says questions are being asked about whether the broader share market is overvalued.
