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.


US equities continued to rally as investors looked for signs the economy would be getting back on track. But then …

There’s a strong risk-on mood in the markets this morning.

It’s been another positive session, driving equities higher and giving another boost to the Australian dollar.

There’s been big increases in equity markets and bond yields on news of a successful stage one vaccine trial in the US.

The non-farm payrolls data on Friday showed 20.5 million new job losses in one month in the US and yet equities rose

Future contracts for Fed funds turned negative for the first time.

The Euro and Italian bonds took a hit with German judges challenging the ECB on its QE activity.

A timetable for the relaxation of measures is expected to be unveiled on Friday when the National Cabinet of Australia meets.

Fed warns of considerable medium-term risk.

Again, it seems markets are ignoring the bad data of which there’s plenty.

Industrial production numbers from China on Friday gave investors hope.

Another 5.2 million jobless in the US.

Australia joined the bull run in the share market yesterday, clocking up 20.7 percent growth since March 23.

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