And then the rebound, for now
Wednesday 5th February 2020 On Monday NAB’s Rodrigo Catril said the markets are blowing hot and cold on the Coronavirus – since then the markets have dived, then climbed back again. Today has been largely positive across currencies, equities and commodities, with bond yields also driven up. Phil Dobbie asks how much of this positivity is responsible for the Aussie dollar picking up from a near post-GFC low yesterday, and how much is from the optimistic (perhaps too optimistic) outlook from the RBA? They also discuss NZ employment numbers today and US non-manufacturing ISM numbers out tonight.