CORPORATE AND INSTITUTIONAL

NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.

Thousands of businesses around Australia are re-assessing their supply chains, inventories and financing options to deal with future shocks in the wake of disruptions caused by the pandemic.

Treasurer Frydenberg today stated JobKeeper numbers have more than halved from a peak of 3.6m, to now just 1.5m as at 26 November.

The US dollar was losing ground for most of the session before a sudden reversal that knocked the Euro off a multi-year high.

The pound has already recovered the losses it made on Friday, when Brexit rhetoric was ramped up on both sides of the English Channel.

Large rebound from COVID impacted Q2.

Financial anxiety falls to its lowest level in 2 years. But concerns are much higher for Australians who have lost their income due to COVID-19.

The ECB’s Philip Lane expressed concern about the tightening of credit standards which could impede the European recovery.

NAB’s latest Data Insights saw consumption spending growth slow to 2.2% % y/y in the week ending 21 November (4.9% last week).

The COVID-led economic downturn continued to weigh heavily on commercial property market sentiment in Q3.

It’s Thanksgiving today in the US and markets have been cautious ahead of the holidays.

New positivity with the Dow breaking 30,000 for the first time, due in part to hopes for; a vaccine and a peaceful transition for the Biden administration.