Thursday 3rd March 2022
It almost seemed like business as usual for markets overnight. Equities rebounded strongly and demand dipped for bonds, pushing yields higher. As NAB’s David de Garis remarks, it all seems a little topsy turvey. Investing in shares doesn’t seem a logical choice as the Fed chairman indicated that the path of rate rises in the US will continue unabated, just as the Bank of Canada lifted its rates for the first time since the pandemic. But away from equities, there are still clear signs of disruption from Ukraine, with oil prices continuing to increase, coal rising higher and wheat prices soaring.
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5bn mobile subscribers and counting
By 2011 there will be 5 billion mobile subscribers on the planet. It’s an incredible figure, so what is fuelling this growth and who will win the most from it?
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A quiet day to contemplate the outlook and take in the NAB Business Survey
The markets are on hold ahead of a flurry of activity later this week. NAB’s Alex Stanley talks us through it on today’s Morning Call podcast. The calmness gives time to absorb today’s NAB Business Survey.
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Boris, proroguing his way to Brexit
The pound took a hit today as PM Johnson announced he would suspend parliament from Sept 12th. I ask NAB’s Gavin Friend why the pound bounced back so quickly, and what happens next.
