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.


It’s likely prices will fall further as more countries and regions go into lockdown.

Big falls in equities and oil, as well as widespread selling of government bonds, even gold is being ditched.

The Bank of England and UK government launched a coordinated approach on tackling COVID-19 headwinds, with an emergency rate cut and fresh fiscal stimulus.

Markets have bounced back a little even though the battle over oil seems to be getting worse.

Markets have switched back to risk-off mood.

Friday marked a bad end to a tumultuous week for the markets, with equities, commodities and bond yields all hit hard.

The markets attempted a bit of a rebound earlier but it hasn’t lasted long.

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.

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