NAB – The Morning Call · Powell’s slow road, Biden plays it cool with China
0

Powell’s slow road, Biden plays it cool with China

Friday 12th February 2021

It’s been a relatively quiet 24 hours with only slight market moves, with traders absorbing the dovish outlook presented by Jerome Powell at the Economics Club this time yesterday/. NAB’s Gavin Friend says the Euro has held its own despite EU forecasts which have downgraded growth to 3.8 percent, from 4.2 percent. They expect the UK to do somewhat worse, not just because of the virus but also Brexit. Remember that.  US China relations won’t immediately return to pre-Trump levels, with Jo Biden hooking up on the phone to President Xi, making it clear that human rights remains a concern and tariffs would remain in place.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top