NAB – The Morning Call · China’s Credit Surprise Boosts Euro. Here’s why.

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China’s Credit Surprise Boosts Euro. Here’s why.

By phildobbie — 3 weeks ago

Wednesday 10^th February 2021

The Euro gained on two fronts overnight. First, Super Mario Draghi looks set to run the Italian government, and is likely to announce his cabinet today. Secondly, we’ve seen a sharp rise in credit growth in China. NAB’s Ray Attrill says this extra juice to the Chinese economy has helped the Euro, simply because Germany will benefit from export demand fuelled by credit. Meanwhile, inflation numbers are out for the US later today. Phil Dobbie asks whether a higher number could add to the concerns that the stimulus package, it the lands when the economy is recovering, jobs are returning and savings are being spent, could overheat the economy. A nice problem to have, perhaps.

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Phil Dobbie @phildobbie·

On today’s podcast @PeterCochrane talks about how the COVID crisis has seen some leveling-up when it comes to the use of technology. So, what next? Hear it in full at https://t.co/BJWiUlNmke or wherever you get your podcasts from.

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Phil Dobbie @phildobbie·

Ah. Is this what i do? I don't interrupt I am a cooperative overlapper https://t.co/VLBTjleMv2

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