An end to China’s Zero COVID, or not?
Markets are still holding out hope that China will move away from Zero COVID soon, says NAB’s Taylor Nugent. Meanwhile, the focus today will be on USA mid-term elections, then US CPI later in the week.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Tuesday 8th November 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
We didn’t see the expected turnaround in markets on Monday. Yesterday on the Morning Call we talked about how Chinese officials had denounced speculation that they were heading away from the Zero COVID road soon, so we expected a reversal to some of the optimism in markets at the end of last week. On Monday though, as NAB’s Taylor Nugent discusses, US equities continued to rise, with the Wall Street Journal reporting again that a turnaround in China’s policy could still be on the cards. Perhaps. Well, the Chinese trade numbers yesterday were a clear demonstration of the damage being done to the economy. Today eyes will be on the US mid-term elections and, if there’s strong support for the Republicans, whether one Mr Donald John Trump will stand for the Presidency. In the more immediate future, markets are preparing for the US inflation numbers later in the week.
Hosted on Acast. See acast.com/privacy for more information.