Month: June 2021

Ignoring the talk, waiting for the facts

It’s been a scratchy session, says NAB’s David de Garis, as markets shy away from sharp moves ahead of Friday’s payrolls data from the US.

Confidence rising, but so is the Delta strain

Reopening and vaccines are helping economies, but the Delta variant is still a concern for markets says NAB’s Rodrigo Catril, explaining today’s sideways moves.

Reflation retreats a little as virus spreads

Risk appetite retreats a little ahead of the non-farm payrolls on Friday and with the Delta strain delaying the reopening of economies, says NAB’s Tapas Strickland on today’s Morning Call podcast.

Lock down means no RBA lowdown

The impact of the latest lockdown and Biden’s stimulus backflip. NAB’s Ray Attrill on two bits of news for markets to respond to this morning.

Power (back) to the People

Could higher wages actually be better for the economy? Were strong unions a good thing? Two fundamental questions I ask @profstevekeen on this week’s Debunking Economics podcast.

Biden whittles down plan to win support

Equities driven higher by Biden’s infrastructure plan deal. NAB’s Gavin Friend says bond markets were unmoved by Fed speakers suggesting higher inflation for longer and rate rises sooner.

The crawl back is done, reflation takes over

Bond yields are back to where they were before the FOMC meeting, says NABs David de Garis, with the focus now back on the reflation trade.

Fed cools things down; words from the RBA later

The global reflation trade is not dead, says NAB’s Ray Attrill, as Fed speakers help markets further unwind their response to last week’s FOMC.

Swift turnaround as markets rethink FOMC response

Last week’s post FOMC sell-off was overdone, says NAB’s Tapas Strickland on today’s Morning Call podcast, evidenced by a big reversal overnight. Although markets remain jittery.

Aussie dollar caught in the storm

Sharp market moves last week with the expectation of faster Fed rate hikes and an unwinding of the reflation trade. The Aussie dollar has been caught in the storm, says NAB’s Rodrigo Catril.

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