NAB – The Morning Call · Markets swallow the post-Omicron outlook pill

Markets swallow the post-Omicron outlook pill

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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