The month ends with big rises in equities driven by vaccine hopes, says NAB’s Rodrigo Catril. Also, the pound could rebound today on hopes that a Brexit deal is about to be reached.
Big movements in bond yields. NAB’s Gavin Friend says there’s an expectation that more central banks will move rate rises forward. Including the RBA? https://t.co/tFr4LHGKNg
The floating of currencies has created a massive forex industry. @ProfSteveKeen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it ignored Keyne’s idea of the Bancor. https://t.co/NJDPcI33JI