Monday 25th May 2020
The unrest in Hong Kong with residents ignoring social-distancing to take to the streets to protest against China’s new national security laws. NAB’s Ray Attrill says it’s likely to impact the Australian dollar today and put paid to the strong correlation it’s been having of late with the US share market. It also raises questions about the US response. At home, bond yields responded to the underspend on the JobKeeper allowance, whilst the ECB looks set for further stimulus measures and the Bank of England’s David Ramsden isn’t ruling out negative interest rates, if it’ll help the UK economy.