Start your day with the Morning Call for the latest overnight key economic and market information straight from NAB’s team of expert market economists and strategists.
Strong US data and lingering stimulus hopes helped US equities overnight. NAB’s Gavin Friend talks about the Presidential debate, new stimulus in the UK, mixed data from Europe and a swag of PMIs later today and tonight.
David de Garis says Brexit negotiators are going to stay “in the tent” till a deal is done, and the pound has responded. That, and more US stimulus talk on The Morning Call podcast today.
US equities are up as stimulus deadline is pushed back. On today’s morning Call podcast NAB’s Tapas Strickland says positive vaccine has helped, and a clearer expectation on the outcome of the US election.
A big drop in US equities shows hopes of a stimulus deal have collapsed, but NAB’s Ray Attrill says the rising pound suggests nobody believes Boris Johnson when he says he’s calling off talks over Brexit.
Retail sales calmed markets on Friday but NAB’s Rodrigo Catril wonders whether it can be sustained, particularly without further stimulus. There’s lots to create more volatility in the week ahead.
Economic activity is being constrained by the virus upsurge in Euriope and US says NAB’s Gavin Friend. That’s caused a strong risk off mood today.
NAB’s David de Garis talks through what to expect from Philip Lowe’s speech this morning, President Trump’s upbeat performance overnight and more Brexit dither and delay.
The Aussie dollar is down. NAB’s Rodrigo Catril says it took two hits – first the reports of a ban on Aussie coal by China, secondly, caution from the US as the end of stimulus hopes sink in.
US equities rise despite the fall in stimulus hopes. NAB’s Ray Attrill short of answers for once. The Aussie and NZ dollars fall with the Renminbi as PBoc measures take hold.
The US dollar is down as Trump’s victory hopes weaken. NAB’s Tapas Strickland says the Chinese Yuan has also been buoyed by hopes of a Biden win.
Boots to introduce a 15 minute COVID test kit, of which 13 minutes is standing in the queue for the checkout.
Are central banks kidding themselves thinking monetary policy can do anything positive during a pandemic? Me and @profstevekeen on the Debunking Economics podcast. https://t.co/W7clFAWNz8
