Wednesday 28th July 2021
The concerns over relations with China are growing, not just from the current crackdown on tech companies. NAB’s Ray Attrill says fears of regulatory change will always see a swift response in terms of where money is placed, and this has been no exception. COVID continues to add to the caution, particularly in the US and at home in Australia, where the Sydney (et al) lockdown will continue for at least another four weeks. Economic data has taken a back seat, but there should be more attention to Australia’s CPI data this morning and, early tomorrow, Jerome Powell’s press conference after the FOMC meeting.