Barrett Trumps Stimulus on Columbus Day
Tuesday 13th October 2020The US senate is seemi…
NAB Morning Call · NAB - The Morning Call
October 12, 202014m 20s
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Show Notes
Tuesday 13th October 2020The US senate is seemingly preoccupied with pushing through Amy Coney Barrett as Supreme Court nominee, casting aside any bandwidth for fiscal stimulus talks. Yet US equities have bounced higher today. NAB’s Ray Attrill says there’s no clear logic for enthusiasm amongst share investors, except for the hopes that a Biden win will see more fiscal stimulus; but it would also mean more regulation for tech companies, and they’ve been leading the charge overnight. Equally as curious, the pound has risen despite rising COVID cases, more lockdown measures and no Brexit progress. It’s perhaps easier to explain the fall in the Aussie and NZ dollars, pulled down with the PBoC’s measures to reduce the value of the Renminbi.
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