A calm Friday, but it could be a volatile week
Monday 19th October 2020After a fairly volatile week markets were calmer on Friday on the back of positive retail numbers from the US. NAB’s Rodrigo Catril says Republicans could use it as an excuse not to support further stimulus measures. There was little market reaction to Boris Johnson’s threats to walk away from Brexit negotiations, perhaps because ‘walking away’ has been shown to mean ‘keep talking’. Jacinda Ardern’s election victory is unlikely to see a market response because it too was entirely expected. Today’s GDP numbers from China will show how their economic recovery continues…
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