NAB – The Morning Call · Banks ready to tighten, Biden ready to spend

Banks ready to tighten, Biden ready to spend

Tuesday 26th October 2021

The markets continue to be dominated by rising inflation concerns, including the price of oil. WTI got over $85 today, but has fallen back since. NAB’s Tapas Strickland tells how Saudi Prince Abdulaziz bin Salman has said it’s too early to up production whilst uncertainty prevails. There was an example of that uncertainty as another Chinese province went into lockdown. But equity markets aren’t concerned about such things. The S&P500 hit a new high as share rose on the back of strong earnings and higher commodity prices. And Joe Biden could be a step closer to having a scaled back version of his infrastructure package see the light of day. Listen in to find out why.

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