Emma is a Senior Currency Strategist and works with the global currency strategy team. Emma advises the Bank’s dealing rooms and clients on the Australian dollar and global currencies more generally.
Emma also makes regular comments to print, radio and TV media on currencies and global financial markets.
Emma has a Masters degree in Economics from the University of Adelaide.
Emma has been at the NAB since 2011 and previously has thirteen years experience working for global investment banks, as an economist and currency strategist, in Sydney, London and more recently in Hong Kong.
For the first time, we are now seeing contagion from the sell-off in Hong Kong and US-listed Chinese shares, to global markets – the NASDAQ in particular, ending the day down 1.2% in front of the earnings results from Apple, Alphabet and Microsoft.
After an initial hint of contagion, European and US equities looked past Asian concerns over China’s regulatory crackdown, closing the day with modest gains at or near record highs. Meanwhile the real story in the rates markets has been the record move decline in the 10y US real rate.
The Sydney lockdown is in its fifth week and looks set to be extended well beyond July 30. Given the high transmission rates of the delta variant, snap lockdowns are likely to remain a ‘tool of first resort’ in controlling the virus until vaccination rates lift.