PMIs boosts sentiment; NASDAQ hits new high
Wednesday 24th June 2020 There’s a lot of positive sentiment again today, with US equities on the up and the NASDAQ reaching a new high. Phil Dobbie talks to NAB’s Tapas Strickland about yesterdays PMIs, which have helped perpetuate the hope that a V-shaped recovery is still possible. Yet the lockdown in two regions of Germany serve as a reminder that the virus is not contained, alongside the growth in infections in the United States and Latin America. Still, the UK is easing restrictions further from July 4th, allowing pubs to reopen and Boris to get a haircut. Any concerns over a potential collapse in the US-China Phase One Trade Deal were quickly dismissed with a tweet from the President.