New highs in US equities again driven by vaccine optimism says NAB’s Tapas Strickland on today’s podcast, along with a consolidation in US bond yields (even though they rose on Friday)
Podcasts and other audio content from Phil Dobbie
ow will the restaurant industry cope with the return of phased return of diners. I ask Patrick Hooykaas from The Fork @BookTable. Plus Joe Biden’s plans for a global tax. Are we ready for that?
There’s a bit of consolidation occurring in the markets right now, says NAB’s Tapas Strickland, with a dearth of top tier data. Jerome Powell reiterated that sustained inflation is still a long way off, but the ANZ Business Survey for New Zealand perhaps tells a different story over there.
Very quiet markets overnight. NAB’s Gavin Friend considers that there might be a little rebalancing, with the realisation that, although Europe might be slower than the US to recover it will only be a matter of months. The destination will be the same.
Economies are recovering, particularly in the US, evidenced by the latest IMF forecasts. Yet markets are cautious today. NAB’s David de Garis wonders whether markets are listening to Jerome Powell when he reiterates that it’s a long road ahead.
US equities have shot up on the back of very strong economic data. On today’s podcast NAB’s Ray Attrill says the surprise is that Treasury yields are lower than they were this time last week. Today the RBA meets, job vacancy numbers are out for Australia and the Caixin Services PMI is out in China.
UK exports to the EU are still well down. So is Bitcoin today, but will it eventually be outlawed? And @Jasmine Birtles with a bunch of side hustles. It's a fun listen at https://t.co/aCsirSFtQD