As the UK cuts its foreign aid budget, there is a way of making foreign aid more effective says @profstevekeen – but America won’t like it very much.
Even NAB’s Gavin Friend is starting to think a no-deal Brexit is the most likely outcome. At least the EU got their budget passed today, and the US has given itself another week to reach a deal on its stimulus package. Plus, the take-outs form today’s ECB meeting.
The real deadline for a UK-EU trade deal is really the weekend, says NAB’s Rodrigo Catril, so don’t expect much today from the Johnson – von der Leyen dinner date. We’ll also be watching for an indication of the length of the ECB’s bond buying program today.
No movement on the UK-EU deal or the US fiscal stimulus package. It’s difficult to split the reality from the rhetoric says NAB’s Tapas Strickland. Meanwhile the start of vaccinations in the UK has created some market optimism.
UK and EU leaders to meet in person to nut out trade deal. But NAB’s Rodrigo Catril says we might see more detail on the US $908b stimulus relief package today.
Could the US launch a pre-Christmas stimulus package after all? Is a Brexit deal dead? Could rising GDP lessen the work of the RBA? Listen to NAB;’s Ray Attrill on today’s busy Morning Call.
Strong growth, renewed hopes of a US stimulus and Brexit talks entering the tunnel – NAB’s Tapas Strickland says these are amongst the reasons for a strong risk-on session in the markets today.
Jerome Powell has changed his tune on the speed of tapering. He was a different man, says NAB’s David de Garis with the Fed chair clearly much more worried about inflation. https://t.co/ryvikQGj7c