Another day of extremes, RBA ready to cut again
Thursday 19th March 2020 We’ve seen big falls in equities and oil, as well as widespread selling of government bonds, even gold is being ditched. The only winner is the US dollar. Phil Dobbie asks NAB’s Tapas Strickland when we can expect to see this volatility end – is there a single piece of news that could signal there’s an end in sight? Meanwhile the oil price war continues, with prices down to levels we haven’t seen this century. Expect more stimulus measures from world governments, plus a rate cut from the RBA. We’re also starting to see economic data, such as German IFOs, that relate to dates since the growth of the COVID19 spread.