NAB – The Morning Call · A little more caution on a lot less news

A little more caution on a lot less news

Tuesday 14th December 2021

There’s a little more caution this morning, with equities down, driven by banks, travel and energy, with stay-at-home stocks doing better. But NAB’s Tapas Strickland points out, the fall in the S&P is on the back of the 67th record high of 2021 on Friday night. He says we shouldn’t expect too many significant moves ahead of the FOMC, ECB and Bank of England later in the week, and little significant news expected before then. Turkey’s central bank has already met, responding to sky high inflation by lowering interest rates. An interesting approach. Whilst rising Omicron cases are adding to the cautious tone. Numbers in the UK have risen sharply again, with the first recorded fatality.

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