Strong US data with no room for chicken lickens
Thursday 1st October 2020No sell off in equitie…
NAB Morning Call · NAB - The Morning Call
September 30, 202013m 16s
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Show Notes
Thursday 1st October 2020No sell off in equities after that yelling match that was apparently a presidential election debate. In fact, equities have been helped by some strong data from the US and continued hope on a stimulus deal, although enthusiasm for that waned somewhat later in the session. Elsewhere, the Bank of England’s Andy Haldane criticised the Chicken Licken mentality. NAB’s Gavin Friend says it’s a curious comment given the sharp rise in COVID-19 cases in the UK. The pound has gained more as the UK potentially gave some ground in the Brexit negotiations, and the Aussie dollar boosted by rising commodity prices and strong PMI numbers from China. The US manufacturing ISM and weekly jobless claims will be numbers to look out for tonight.
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