David Taylor
Reporter, Audio News and Current Affairs at ABC News (Australia)
News junkie. In pursuit of the truth and a good yarn. Comments, likes and retweets are based on my personal views & don't represent the views of the ABC.
Articles
Australia is staring down rising unemployment and supersized rate cuts as Trump’s decisions hit home
1 week ago |
abc.net.au | David Taylor
A strange phenomenon in life is feeling relief amid a storm. That's where we find ourselves. The past week has seen some of the most violent financial market swings since the pandemic. Months of investor greed — for want of a better word — was replaced by raw fear earlier this week. An escalating tariff war threatened to send the United States economy, the Chinese economy, and the global economy into recession.
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2 weeks ago |
abc.net.au | David Taylor
Extreme volatility continues on financial markets as Donald Trump's new tariffs take effect. The Australian dollar has fallen against the US to levels not seen since the pandemic.
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2 weeks ago |
abc.net.au | David Taylor
The Australian dollar has been dragged back to its lowest levels since the pandemic as tariff fears grip global financial markets. On Wednesday morning, the Aussie dollar dipped as low as 59.15 US cents — its weakest point since March 26, 2020. It's also lower against other major currencies. Currency analysts say the latest depreciation is related to fears around China's economy, given it's Australia's largest trading partner.
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2 weeks ago |
abc.net.au | David Taylor
Donald Trump's tariffs policy is causing turmoil in financial markets. Part of the reason share and bonds markets are whipsawing from one extreme to the other relates to ongoing questions, and fears, over whether the United States is heading towards a recession. Australian National University economist Warwick McKibbin has travelled to Washington to conduct modelling for the Peterson Institute for International Economics on what impact the trade tariffs will have on the world.
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2 weeks ago |
abc.net.au | David Taylor
Australia's share market has bounced back following yesterday's plunge, when more than $100 billion dollars was wiped off the value of stocks. Investors have been encouraged by suggestions the Trump Administration may be willing to negotiate the scope of tariffs with some countries.
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We’re all over it Down Under. https://t.co/9EwPMoLf7r
THE BOND MARKET. Why is the media not talking about it? It's the ballgame.
I can’t stress enough the significance of this line just now from JPMorgan. It’s saying, after everything that’s happened to date, its probability of a US recession is UNCHANGED since the market crashed last weekend. ‘We stick to a 60% probability for a US and global recession.’
Donald Trump was ‘optimistic’ China would seek a deal with the U.S. ‘The president has made it very clear he's open to a deal with China,’ Karoline Leavitt said. That was enough for markets. Bond yields retreated. Nothing directly from Trump. Nothing from China.
