US GDP bounces back, and so do equities, for now
US equities gain as US GDP bounces back, but NAB’s Gavin Friend says even with today’s gains it is one of the worst weeks for global stocks for many months.
Month: October 2020
Markets hit hard on concerns over COVID and the election aftermath
The markets hit the deck running from risk first thing in Europe, says NAB’s David de Garis. COVID infections and concerns over the transition of power in the US are top of mind.
Is the Biden Trump gap closing?
Markets are cautious today. It’s not just rising COVID numbers, says NAB’s Tapas Strickland, the US election next week could be more contestable than we thought.
COVID worries get classic risk-off treatment
It’s back to normal, says NAB’s Rodrigo Catril with markets showing classic risk off behaviour with rising COVID cases, particularly in Europe.
Markets running scared at start of Halloween week
Unusual for the US dollar to fall alongside equities and bond yields. On today’s Morning Call podcast NAB’s Ray Attrill says it’s a sign that the US dollar is facing a longer term down trend.
Trump’s Last Stand; PMI’s Galore Today
Strong US data and lingering stimulus hopes helped US equities overnight. NAB’s Gavin Friend talks about the Presidential debate, new stimulus in the UK, mixed data from Europe and a swag of PMIs later today and tonight.
Look Who’s Talking (x2)
David de Garis says Brexit negotiators are going to stay “in the tent” till a deal is done, and the pound has responded. That, and more US stimulus talk on The Morning Call podcast today.
Still wishing and hoping on stimulus deal
US equities are up as stimulus deadline is pushed back. On today’s morning Call podcast NAB’s Tapas Strickland says positive vaccine has helped, and a clearer expectation on the outcome of the US election.
Deal or No Deal, transatlantic edition
A big drop in US equities shows hopes of a stimulus deal have collapsed, but NAB’s Ray Attrill says the rising pound suggests nobody believes Boris Johnson when he says he’s calling off talks over Brexit.
A calm Friday, but it could be a volatile week
Retail sales calmed markets on Friday but NAB’s Rodrigo Catril wonders whether it can be sustained, particularly without further stimulus. There’s lots to create more volatility in the week ahead.
THE TWITTERATI
No bounce in equity indices today, says NAB’s Taylor Nugent. It’s all down to growing concerns about a US economic slowdown. Like Cisco’s profit downgrade, for example. Plus the lowdown on yesterday’s Aussie employment numbers. https://t.co/aGBhCkChFv
People are feeling the pinch as inflation rises. We’re seeing how headline inflation hits consumer staples and discretionaries says NAB’s Ray Attrill, as major US retailers warn of falling margins. https://t.co/YOdbDKIv4Q