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

By phildobbie — 10 months 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·
7h

What a shame the Met can't elevate the Sue Gray findings to the European courts, just to buy Boris even more time.

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phildobbiePhil Dobbie@phildobbie·
27 Jan

Yield curves have flattened somewhat since the Fed. NAB’s Gavin Friend says although Jerome Powell was hawkish at the press conference, he was also very vague on timings beyond March. https://t.co/xGc7oAzhfk

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