High hopes keep getting higher
b'Thursday 26th August 2021Market optimism continued overnight, with US equities again hitting new highs and commodities climbing sharply too. That\'s helped the Aussie dollar again today. NAB\\u2019s Rodrigo Catril says the sentiment is being driven by infection rates starting to subside in the US. Phil Dobbie asks how fragile this optimism could be, if number were to rise again. The ECB\\u2019s Philip Lane painted a positive picture, suggesting the Delta variant won\\u2019t impact the European recovery story because fatalities and serious illness have been contained by the vaccine. He also indicated, whether through PEPP or another vehicle, they\\u2019ll be providing favourable financing conditions through to next March, at least. It\\u2019s very different to the direction being taken by the Fed, but more on that in tomorrow\\u2019s podcast.
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