Tapas Strickland

Tapas Strickland

“Tapas is an Economist within Global Markets Research at the National Australia Bank (NAB). ”

Tapas is Director, Economics at NAB and provides commentary and insights for our clients on the economy and financial markets including regularly kicking off the working day with key overnight updates on NAB’s Morning Call podcast. Having recently spent the past couple of years in our London office, he continues to work with NAB’s diverse range of clients, from SMEs to institutions, both in Australia and abroad. Prior to NAB, Tapas spent six years at the Reserve Bank of Australia and also worked as an economic adviser in the Department of Prime Minister and Cabinet, advising the Gillard, Rudd and Abbott governments.


The markets have spun around again,with renewed optimism and not much lingering concern from Apple’s revenue warning yesterday.

Nobody was expecting anything other than a bad GDP read from Japan but it was worse than bad.

The markets are continuing to discount the impact of the coronavirus.

Ordinarily these numbers would be a cause for optimism in the markets, yet concerns of the impact of the coronavirus are having the opposite impact.

The least surprising news today is the decision by the FOMC to keep rates on hold in the US.

Markets push back the timing of a rate cut from the RBA.

The US was on holiday Monday so it’s been a quiet session all round.

Equities have posted further gains and new record highs.

The US and China will sign the phase one trade deal tonight.

Markets have now largely unwound the risk-off moves that have occurred since Friday.

Geopolitical tensions remain centre stage with markets clearly in wait-and-see mode.

The AUD held its position after the better-than-expected Australian Labour numbers yesterday.

Two of the biggest obstacles to global economic growth have seemingly been removed, or at least sidestepped for a while.

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