Tapas Strickland

Tapas Strickland

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

Tapas joined NAB after having spent 6 years at the Reserve Bank of Australia. He writes for the Bank on the economy and on financial markets. At the Reserve Bank of Australia he held positions in domestic analysis and in international financial markets. He also worked as an economic adviser to the Department of Prime Minister and Cabinet, advising the Gillard, Rudd and Abbott governments


The surprise news on Friday were reports that the German government might relax some of its spending rules to splash out and prevent a recession.

An ECB Governing Council member suggests markets hadn’t priced in the extent of the stimulus measures coming next month.

There’s been a sharp turnaround in market sentiment as the US announced delays to the extra tariffs on Chinese imports for certain consumer-sensitive products.

Are the markets more concerned about the relative strength of the Chinese currency than they are about tariffs?

US stocks have bounced back and the US dollar has picked up against the Yen.

A tweet from President Trump promising a 10% tariff on the remainder of imports from China has sent the markets into a tailspin.

The race is on to try and get through stuff before the summer recess in the US and Europe.

The Fed’s Beige Book is out this morning.

US retail sales were strong but t’s not all good news.

Fed Chair Jerome Powell didn’t alter his stance despite signs of inflation picking up in the US.

There were no big movements on US equities or bonds overnight, as markets wait to see what Jerome Powell has to say in his Congressional testimonies mid-week.

The markets breathed a collective sigh of relief that the Trump-Xi meeting at the weekend culminated in some sort of truce.

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