NAB – The Morning Call · Consolidating and vaccinating
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Consolidating and vaccinating

By phildobbie — 1 year ago

Wednesday 7th April 2021

There were no significant market moves overnight. The US dollar has fallen a little further, bond yields are down and equities have cooled somewhat. NAB’s David de Garis says, maybe markets are taking Jerome Powell’s words to heart that it’s a long road ahead and the Fed is going to stay the course. That’s certainly the line echoed by the RBA yesterday even though, like the US, the news is largely positive.  Vaccination rates continue to be a determinant of economic recovery, with Canada’s President Trudeau announcing a third wave on his home soil, where the number of people having the jab remains very low. FOMC minutes are out tomorrow; we’ll talk about those, hot off the press, tomorrow morning.

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Phil Dobbie
phildobbiePhil Dobbie@phildobbie·
5h

Hey @PaulChantler. You deleted your Eurovision tweet. That's cheating!

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phildobbiePhil Dobbie@phildobbie·
9h

Apocalyptic rise in prices. Time for the government to step in to help the less well off. The rest of us can just eat less. https://t.co/rra7WOQmPZ

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