Monday 23rd March 2020

US equities continued to fall at the end of the week, even though Australia and Europe saw a brief reprieve. But NAB’s Tapas Strickland says it’s likely prices will fall further as more countries and regions go into lockdown, including almost a third of the US population. Phil Dobbie asks whether the US’s slow response to an effective fiscal response is hurting markets over there, what’s now driving an upward move in bond prices, and whether more uncertainty will drive even more investors to the safety of US treasuries. A question being asked repeatedly is how long will this go on for, and how deep will be the impact?