The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Powell fires warning shot, “path ahead highly uncertain & subject to significant downside risks”
– suggests further fiscal aid maybe worth the cost to limit lasting harm….
* Equities off the lows but still down over 500, Dollar stronger and US Treasuries -3bps….
* No RBNZ shocks but clearly broader risks are all pointing one way and global growth the big worry!!
– RBNZ prepared to use additional Monetary Policy tools if and…