Split between the economy, the virus and China
Monday 6th July 2020 Which way will the markets be pulled this week? Economic data is proving to be generally positive, helping create a risk-on bias. Yet COVID-19 cases continue to rise in the United States, not to mention the cases in Victoria, which rose over the weekend and could lead to a lockdown in Melbourne CBD. Then there’s the increased tensions with China, with China potentially threatening retaliation if Australia offers a safe-haven for Hong Kong residents. Phil Dobbie talks to NAB’s Rodrigo Catril about which of these conflicting forces will have the most influence on global markets and the Aussie dollar this week.