NAB Morning Call US GDP bounces back, and so do equities, for now
Oct 29, 2020
13:59
Friday 30th October 2020Markets turned around again, with equities rising sharply. How much of it is the anticipation of Q3 tech company earnings results after the US close, how much of it is the strong bounce back in US GDP and how much is the anticipation of a clear outcome in next week’s US election? Phil Dobbie asks NAB’s Gavin Friend how he reads the market right now, and what are his thoughts on the ECB meeting which did little, but promised a lot more next time. Meanwhile virus numbers rise, there are more restraints on the economy in France and Germany – and could the UK be forced to go further next week too? Next week will be quite a week.
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