Wednesday 19th January 2022
US bond yields are now at their highest levels for two years, with equities now joining the sell-off, particularly for tech stocks on expectations of rising bank rates. NAB’s Rodrigo Catril says oil is also rising sharply on the expected rise in demand in a post-COVID era, or at least a time when we learn to live with the virus. The UK has shown how that can be done, with better-than-expected employment numbers, despite the rising number of cases in late 2021. So, how prepared is Australia to live with COVID? Today’s monthly consumer confidence numbers will give us an indication.
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False hope on easing inflation?
Markets have responded favourably to a better-than-expected headline CPI read in the US, but NAB’s Tapas Strickland says there’s no clear sign that the core figure is falling yet. It’s too early to call a peak on inflation.
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It was turnaround Tuesday , yet the ‘squabble’ continues
The market turned around overnight, even though there’s no sign that the US-China trade spat is nearing an end. I ask NAB’s Gavin Friend, why?
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A longer Brexit (perhaps), a boost for US banks and a bad night for the Aussie
Theresa May survives, positive housing data in the US, equities up, but why was the Aussie dollar down? I talk to NAB’s Ray Attrill.
