AUTHORS

David de Garis

David de Garis

Director and Senior Economist

“Dave writes for the Bank’s daily and weekly economics and market reports, and speaks with the media, often on a day to day basis speaking about the economy and financial markets”

Dave is a Director and Senior Economist with the NAB.

His bread and butter work is as a business, treasury or financial markets economist, speaking with clients ranging from the Bank’s agribusiness and corporate clients as well as to institutional clients at home and abroad.

He’s writes for the Bank’s daily and weekly economics and market reports, and speaks with the media, often on a day to day basis speaking about the economy and financial markets.

Dave did his economics apprenticeship with federal governments of various persuasions in Canberra, before he left Canberra in the late 1980s. He finished his indenture in Canberra as a senior economic adviser in the then Prime Minister Bob Hawke’s Department in Canberra, and before that in the Federal Treasury and the Bureau of Statistics.

RECENTLY PUBLISHED ARTICLES

There was quite a bit of optimism in the air on Friday as we career towards the end of the month and the end of the quarter this week.

Market sentiment has switched in the last 24 hours, with concerns that the economic recovery from COVID-19 might be slower than anticipated.

There wasn’t much movement in shares, bond yields or currencies overnight, despite weaker retail numbers out of the US.

Bond yields are on the rise, in the US and in Australia – for very similar reasons.

In normal times an episode like the Reddit induced short squeeze would eventually see markets return to normal.

US equities have bounced back after a day influenced by speculative trading on retail platforms with investors spurred on by chatter on Reddit.

Astra Zeneca announced the results of their trials, with efficacy up to 90 percent with a drug that is cheaper to produce and easier to distribute.

Donald Trump continues to talk about a stimulus deal, even though he said it had been shelved.

There was a lot of optimism in the markets overnight, driven by strong manufacturing numbers in the US and Europe.

There’s another possibly shape – the W recovery.

US equities bounced back today – perhaps because there wasn’t a lot of new news on the coronavirus but also because US ISM numbers exceeding expectations.

The Australian dollar has fallen more than one percent today as concern continues over the spread of the Corona virus.

The US Federal Reserve has cut interest rates as expected.

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