Monday 27th April 2020

US Treasury Secretary Steve Mnuchin spoke of the US economy re-opening in May and June, with a rapid recovery in the few months that follow. But, NAB’s Rodrigo Catril says equities are facing resistance to any further rises – the bullish sentiment may have subsided for a while. Phil Dobbie asks whether bonds are likely to respond more to the prospect of deflationary pressures, with lower cost oil and continued subdued consumer demand. But will Australia fare better than most and give further strength to the Aussie dollar? And it’s an important week for central banks, with the Bank of Japan, the Fed and the ECB all meeting.