Equities fall, bond yields weaken, virus concerns rise
Tuesday 22nd September 2020Concerns over the impact if a second wave in the US and Europe seem to be gathering momentum, driving investors to government bonds and safe-haven currencies. NAB\u2019s Gavin Friend says banking stocks have added to the slide today following an investigation into how some big banks failed to stop money laundering up to three years ago. The US election is adding to uncertainty. But it\u2019s the rising virus numbers that are the real concern and what else, if anything, central banks can do about it. All eyes will be on Jerome Powell\u2019s testimony on the Fed and on Guy Debelle\u2019s speech today, to see the direction the RBA is planning to head.
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