The US was on holiday Monday so it’s been a quiet session all round.
The rally in US equities continued at the end of the week, with the optimism spreading to Europe.
US equities rose higher still on the back of the latest US retail numbers.
The US and China will sign the phase one trade deal tonight.
There are reports the US Treasury Department will no-longer consider China a currency manipulator.
In our first podcast of 2020, Ray Attrill discusses the week’s economic news and the broader prospects for the year ahead.
We’re ending the week with risk sentiment at its best level of the year.
Markets have now largely unwound the risk-off moves that have occurred since Friday.
It’s been a particularly bad 24 hours for the AUD (if you aren’t an Australian exporter, that is).
Geopolitical tensions remain centre stage with markets clearly in wait-and-see mode.
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