Friday marked a bad end to a tumultuous week for the markets, with equities, commodities and bond yields all hit hard. The PMI numbers from China provided evidence of how hard COVID-19 is hitting production. Phil Dobbie asks NAB’s Tapas Strickland whether these numbers will add to the downward spiral at the start of this week. On Friday the US Federal Reserve issued a statement saying the central bank will use its tools it has available to “act as appropriate to support the economy.” So, does that mean we can expect a significant rate cut at their next meeting – and will they be beaten to it by the RBA tomorrow and the Bank of Canada later in the week?
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Reflation retreats a little as virus spreads
Risk appetite retreats a little ahead of the non-farm payrolls on Friday and with the Delta strain delaying the reopening of economies, says NAB’s Tapas Strickland on today’s Morning Call podcast.
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Will cheaper energy drive growth?
Economic growth is dependent on the efficient use of energy. So, if energy is cheaper, will economies grow faster?
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How to Market Smarter, Faster, Cheaper
David Siteman Garland reckons that a lot of old-style mainstream marketing relies on a dumb, slow and expensive way of working.
