US equities continued to rally as investors looked for signs the economy would be getting back on track. But then …
The Australian dollar has lost ground as China threatened to ban imports of Australian coal.
There’s a strong risk-on mood in the markets this morning.
Equities have staged a broad-based rebound and are expected to continue as markets reopen in the US and UK.
The unrest in Hong Kong is likely to impact the Australian dollar.
Market sentiment was tempered somewhat by rising rhetoric between the US and China.
It’s been another positive session, driving equities higher and giving another boost to the Australian dollar.
Markets have controlled their excitement after the burst of optimism over a potential COVID-19 vaccine.
There’s been big increases in equity markets and bond yields on news of a successful stage one vaccine trial in the US.
The US President has said the US needs to get back to work, vaccine or not.
The latest economic data from China continues to highlight some challenges in its recovery phase.
The US and Australia have both reported dour job numbers, although markets were braced to expect it.
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