How quickly will the ad industry bounce back? Gideon Sapnier from Campaign joins me, Plus a blocked Suez, vaccine wars and little rocket man returns.
The blocking of the Suez Cana and growing vaccine rivalry are added to concerns that economic recovery will be delayed, says NAB’s Gavin Friend, reflected in the cautious mood in markets today.
Big falls in oil prices, US equities and treasury yields. NAB’s David de Garis says it reflects concerns over European lockdowns and the accuracy of Astra Zeneca data. Meanwhile plans to shift home purchases away from investors has slugged the Kiwi dollar.
Can Britain be one of the world’s leaders in AI? @sebkrier thinks so, provided we get the settings right. He tells us what has to change. Plus, why digital currencies are bad news for central banks. And a Gammon for London?
Equities and bonds are being driven by 3 things says NAB’s Tapas Strickland – the size of Biden’s infrastructure package, assumption that Fed tapering is still a long way off, plus caution from rising infection numbers in Europe and the US
The Fed announces SLR will not continue from the month end. NAB’s Rodrigo Catril explain what it is and what it means for the appetite for bonds, in a week where many more are being auctioned. Plus, the potential flow-on from Erdogan ditching his central bank governor.
The Aussie dollar has fallen sharply on weak Chinese data. Oil has also fallen markedly, with NAB’s Ray Attrill says that’s a combination of the China data and hopes of an Iran nuclear deal that would add more oil to global supplies. https://t.co/Q0fzeqBcGU
Equity markets pushed higher in the US on Friday. NAB’s Tapas Strickland says strong corporate earnings have helped, and a belief that the Fed will not be moving much further on rate hikes – even though Fed speakers are keen to suggest otherwise.