Very light trade today with the US holiday, but that’s not stopped bond yields heading even lower. I ask NAB’s David de Garis whether the buoyant mood in shares will pull back with the US reporting season next week.
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.
Record highs for US equities as bond yields fall further. NAB’s Gavin Friend talks about more weak data, a dummy spit from President Trump and Australia’s growing trade surplus.
What next for the RBA? Where did Carney’s shipwreck come from? And is Lagarde right for the top job at the ECB. On the Morning Call, I go through all the day’s market news with NAB’s Rodrigo Catril.
The G20 providing some relief that things won’t get worse between the US and China but, as NAB’s Tapas Strickland describes, there won’t be any sharp market reaction and a Fed rate cut still looks likely for this month.
Bond yields bounce back. On The Morning Call NAB’s David de Garis says there’s a bit of adjustment from yesterday’s comments from Jerome Powell. Plus, Steven Mnuchin talks up hopes of a trade deal with China.
Words of caution from Bullard and Powell. NAB’s Rodrigo Catril talks to me about the market reaction on today’s Morning Call podcast, plus the risk-off mood that has driven new lows in European bond yields.
Quiet day on the markets ahead of the G20. As NAB’s Tapas Strickland suggests, even Trump’s introduction of further sanctions against Iran has had no influence. There’s not been a lot of data, but what there was wasn’t good.
Mildly better than expected economic data lifted the Euro at the end of last week, but NAB’s Ray Attrill says its not enough to change the ECB’s dovish tone. Plus the US and China turn up the rhetoric ahead of the G20 meeting at the end of this week.
Maybe if the Fed issues 100 year bonds we'll all start considering climate change more seriously?