US banks are guilty of one-upmanship, says NAB’s Tapas Strickland. It’s a race to see who can predict the fastest level of rate hikes? Isn’t it all going too far too quickly?
The Aussie dollar has fallen sharply on weak Chinese data. Oil has also fallen markedly, with NAB’s Ray Attrill says that’s a combination of the China data and hopes of an Iran nuclear deal that would add more oil to global supplies. https://t.co/Q0fzeqBcGU
Equity markets pushed higher in the US on Friday. NAB’s Tapas Strickland says strong corporate earnings have helped, and a belief that the Fed will not be moving much further on rate hikes – even though Fed speakers are keen to suggest otherwise.