GLOBAL MARKETS RESEARCH

Helping your business make sense of credit, foreign exchange, interest rates and commodity markets.

LATEST MORNING CALL PODCAST & OTHER UPDATES

There’s been more interest in the prospect of a stock bubble in China and the question of whether the PBoC will respond.

The IMF has upped their forecasts for global growth but, as Tapas Strickland suggests on this morning’s podcast, markets don’t tend to pay a lot of attention to these numbers

This week we review the range of views within NAB’s research teams about the future of various conventional and unconventional monetary policy settings.

ALL UPDATES

The IMF has upped their forecasts for global growth but, as Tapas Strickland suggests on this morning’s podcast, markets don’t tend to pay a lot of attention to these numbers

This week we review the range of views within NAB’s research teams about the future of various conventional and unconventional monetary policy settings.

Markets turned sharply to a risk-off mood at the end of last week, on the realisation that vaccine roll outs will take longer than hoped whilst infections are growing.

The ECB changed nothing overnight, with President Lagarde saying risks remained on the downside.

An internal RBA document obtained under a freedom of information request discussed the likely impact of low interest rates on asset prices (see RBA FOI).

It’s Inauguration Day, or it will be when Wednesday eventually ticks round in the US.

Markets are looking through the prospect on any unrest on inauguration day, but the more immediate question is what will the President do today?

Markets responded at the end of the week to Joe Biden’s proposals for stimulating the US economy.

Bond yields were already on the rise before Fed chairman Jerome Powell talked down the likelihood of any easing in bond purchases this year.

An ensuing impeachment of the US President continues to be of little concern to the markets.

With yields rising there’s been a question mark over whether the appetite for treasury bonds is falling.

Some small short-term cost to growth due to shutdowns and border re-closures, but medium-term outlook remains brighter.

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