Lock down means no RBA lowdown

Monday 28th June 2021With Sydney suddenly flung into lockdown, Phil Dobbie asks NAB’s Ray Attrill what the market reaction will be today. One immediate repercussion will be we won’t hear anything from the RBA ahead of next week’s meeting. Markets also open today with the weekend news that Joe Biden has backtracked on his latest stimulus bill. It’s not such a done-deal after all. There’s also discussion about the path the markets take having retraced their response to the FOMC meeting the week before last, particularly when there remain so many known unknowns.

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