Equities, bond yields and oil all hit hard by impeachment proceedings against the US President. NAB’s Rodrigo Catril talks through a busy day for geopolitical news, on both sides of the Atlantic.
There’s no doubt his strongarm tactics help Boris Johnson won public support, but polls suggest he’ll never win over the majority. Why? Because they don’t want Brexit.
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.