Equities rebound despite the new cold war
Tuesday 26th May 2020 Equities have staged a broad based rebound today and are expected to continue later today as markets reopen in the US and UK. Oil continues to rise too, as demand increases and supplies fall. On today’s Morning Call NAB’s Rodrigo Catril talks to Phil Dobbie about the continuing US-China unrest, weakening the value of the Yuan, with China’s Foreign Minister calling it ‘the new cold war”. There’s renewed optimism in Germany and rising expectations that the ECB will deliver new stimulus next week. And Scott Morrison uses the Press Club today to explain how he will get the Australian economy back to work and out of intensive care.