Wednesday 28th October 2020
There’s a risk that next week’s US election is more contestable than we might have considered a week ago. NAB’s Tapas Strickland says late surge polling could fall in the President’s favour. A poll in the US has also demonstrated just how many American’s would take to the streets if their preferred candidate didn’t win. Through rising COVID numbers into the mix, and it’s not surprising that the markets continue to struggle to find certainty right now. On the data front, US durable goods orders looked strong, as did industrial profits in China. And newspapers are reporting that Australia is heading out of recession on the back of the RBA’s Guy Debelle’s comments to senate estimates yesterday, but in reality his comments were more guarded than that.