Equites fall again, BoE talks negative rates

NAB Morning Call · Sep 17, 2020 · 13m

Friday 18th September 2020It’s been a topsy turvy session overnight, that’s seen equities slide even though a day ago the FOMC was signalling years of near zero interest rates. NAB’s Gavin Friend says by extending the expected period of low rates investors dwelled more on the negative impacts of the virus. There was some optimism that a deal would be struck to provide more fiscal stimulus in the US, but despite the President’s calls for Republicans to be prepared to spend more, a deal still seems unlikely. In the UK the pound also twisted and turned, driven up by optimism over a Brexit deal…