US and Europe - two sides of the same coin
Wednesday 1st April 2020 Equities are heading in opposite directions across the Atlantic this morning – Europe is on the rise, the US is on the slide. Phil Dobbie asks NAB’s Rodrigo Catril about the shift during what’s been a calmer 24 hours on the markets. Stimulus measures continue – with a massive new program for Japan, and New Zealand and the US now looking at infrastructure spending as a way to help with the bounce back. When will that bounce back happen? The PMI numbers from China yesterday were an encouraging sign, but the Caixin numbers today might give a more realistic appraisal of how much of their country is getting back to work.