market update

Key Points

  • A US fiscal stimulus deal once again proved elusive over the weekend.

  • Governor Lowe may signal an increase in Australian monetary stimulus but it's likely to be limited in its economic effects.

  • Fiscal policy has much more scope to alter outcomes in the developed world.

Key Points

  • US President hospitalised and several other positive coronavirus results in the Republican camp, Australian shares reacted sharply on Friday.

  • Friday’s US jobs report saw a drop in headline unemployment but may have indicated slowing momentum.

  • The Australian Treasurer will deliver the delayed budget this week.

Key Points

  • The US dollar strengthened last week, following several unexpectedly hawkish statements from Federal Reserve Governors.

  • The Australian market rallied on the back of easing prospects and a weaker currency.

  • International shares fell as the dollar strengthened and as restrictions on gatherings and movement were reinstated in several European countries.

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