Markets rethink Corona risk; Aussie CPI today
Wednesday 29th January 2020 US stocks have rebounded after a day when they were hit hard over concerns on the spread of the Corona virus. NAB’s Ray Attrill suggests to Phil Dobbie on today’s podcast that it’s the lack of new news that has force the rethink, indicating that further volatility is possible. Meanwhile, we await the latest CPI figures for Australia today. Yesterday’s NAB business Survey highlighted continuing weakness in the economy, so what does that mean for the RBA decision next week. It’s unlikely the FOMC will change rates in the US tomorrow morning, but we’ll be here first thing to cover anything that comes out of the press conference.