MARCH QUARTER 2020 WRAP – A SWIFT, BRUTAL SELL-OFF
The first quarter of 2020 was a brutal one for financial markets, and for investors. The COVID-19 outbreak morphed from a China story to a global pandemic, disrupting supply chains, causing shutdowns across numerous economies and leading to severe dislocations across markets.
THE WEEK AHEAD: ANZ TRUCKOMETER RESULTS WILL BE TELLING
The ANZ truckometer for March is out on Thursday and could provide some clues to the extent of the slowdown. Meanwhile, across the ditch, The Reserve Bank of Australia (RBA) meets on Tuesday afternoon and Saudi Arabia had requested a virtual meeting on Monday of OPEC+ producers, to talk about production cuts to stabilise the oil market.
ECONOMIC INDICATORS SET TO BECOME SYMPTOMATIC
The impact of COVID-19 and the fight to slow down its spread is clear when you look at financial markets or consider how our daily lives have changed in recent weeks. However, we haven’t yet seen the virus make its full presence felt in the economic indicators that many of us watch closely.