More brinkmanship on Brexit, Trump’s “Super V” recovery and the impact of the Melbourne lockdown on other states. NAB’s Tapas Strickland on today’s Morning Call.
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.
Big falls in tech stocks in the US. David de Garis says thin trading in the northern summer hasn’t helped contain prices. The other reality check is the pace of recovery. We have news on that too.
More irrational exuberance in equity markets says NAB’s Ray Attrill, on a day when data is soft and stimulus hopes in the US look further away than ever.
NAB’s Gavin Friend is back, talking through data that suggests a continued recovery, but employment is slow to pick up and Europe is hit with deflation. So, what can we expect from Australia’s GDP number today?
A further fall in the US dollar helped the Aussie and Kiwi dollars to reach a two year high. So how longer will the trend continue. NAB’s Rodrigo Catril also looks ahead to the RBA and answers a question – is the Phillips Curve dead?
Jerome Powell talked about the Fed’s new approach, aiming to keep inflation average two percent. NAB’s David de Garis says that means they will allow inflation to rise higher – very different to the approach of the ECB. But does it matter, when inflation has been so low for so long?
Equities hit new highs in the US again, on the back of positive data and despite rising tensions with China and the dangers posed by Hurricane Laura. NAB’s Rodrigo Catril also talks through expectations from the virtual Jackson Hole symposium.
Pubs closing at 10. That should fix everything.
Money laundering, US election worries, rising virus cases, lockdowns, Brexit – Gavin Friend says the rest of the world has a lot to worry about, so what stance will Guy Debelle take today, given Australia has less concerns. https://t.co/IbZp1lNuGe