Choppy waters, with a flash of hope for Germany
Wednesday 26th August 2020The US dollar is down again this morning, with equities up and touching new highs again. More significantly, we’ve seen sizeable increase in government bond yields in the US and Europe. NASB’s David de Garis talks through the factors at play, including hope that the US China trade relationship will continue as planned in the phase one deal, and concerns that a bigger supply of bonds in the pipeline could be inflationary. Meanwhile the IFO numbers from Germany gave ground for some optimism, despite rising COVID-19 cases in the country. Yet consumer confidence in the…
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