A little more caution on a lot less news
Tuesday 14th December 2021There\u2019s a little more caution this morning, with equities down, driven by banks, travel and energy, with stay at home stocks doing better. But NAB\u2019s Tapas Strickland points out, the fall in the S&P is on the back of the 67th record high of 2021 on Friday night. He says we shouldn\u2019t expect too many significant moves ahead of the FOMC, ECB and Bank of England later in the week, and little significant news expected before then. Turkey\u2019s central bank has already met, responding to sky high inflation by lowering interest rates. An interesting approach. Whilst rising Omicron cases are adding to the cautious tone. Numbers in the UK have risen sharply again, with the first recorded fatality.
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