Thursday 1st July 2021
As we’ve mentioned before, central bank speakers are having little influence on the markets since the sharp response to the last FOMC meeting. As David de Garis says on today’s podcast, investors should wait for the evidence, with the non-farm payrolls on Friday the next significant cab off the rank. The ADP numbers overnight were down on April, and could be revised down further, as is often the case. There’s also discussion about weakness in the Aussie dollar, despite the iron ore price, Andy Haldane’s parting words from the Bank of England and uncertainty over China’s growth.
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Rates jump, Boris’ near miss, RBA today
Boris Johnson had his leadership challenged and markets liked it. Less so when he won. But NAB’s Tapas Strickland says politics tends to have a fleeting influence. Meanwhile, the RBA is expected to raise rates by 25 basis points this afternoon.
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iiNet’s Malone on Netspace and beyond
The hot topic on the internet industry this week is the $40m acquisition of Netspace by iiNet. On today’s Twisted Wire Michael Malone, CEO of iiNet, says we can expect more acquisitions down the track, but not in the very near future.
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Keeping Your Blog Fresh
There are a lot of dull blogs out there. How do you make sure yours isn’t one of them?
