Caution as China gets back to work

Tuesday 11th February 2020

As China’s factories start to reopen, and the PBoC do everything they can to maintain economic stability in the country, there seems to be hope of an early recovery to the impacts of the Coronavirus. Phil Dobbie talks to NAB’s Rodrigo Catril about what that recovery would look like, should it come soon. Meanwhile, Australia faces its own issues – to what extent will trade with China, plus the recent bushfires, impact business sentiment and conditions in the NAB Business Survey today, whilst the UK publishes Q4 GDP numbers today. And it’s a day for central bankers to face parliament – Jerome Powell and Mark Carney are both answering questions from politicians. And, speaking of politics, Angela Merkel’s heir apparent has quit, creating more uncertainty in Europe and hurting the Euro a little today.

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