00:00Well, it's been a pretty whippy month so far, thanks to Mr Trump.
00:05But here we are, two weeks in, and the All Ordinaries Index is just 1% below where it
00:09finished March.
00:10So all good.
00:11No problem.
00:12Today, the index went up 1.4% with solid gains among resources stocks, banks and CSL.
00:18And that followed a rise of 1.8% on Wall Street on Friday and between 1.5 and 2% in Asia today.
00:26Study prices all rose over the weekend, with gold and silver up the most, 1.3 and 3.7%
00:31respectively because of the flight of capital out of the US dollar.
00:36The trade-weighted index of the dollar fell below 100 for the second time in two years.
00:41It's depreciated nearly 10% this year, which is kind of what Donald Trump and his economics
00:46team wanted, except they didn't want it to be because global capital was running away.
00:51The Australian dollar was steady today at 63 US cents, but down against most of the other
00:56currencies.
00:57And one of the problems for the US dollar is that American manufacturing depends more on
01:01inputs from China than the other way around.
01:04So the collapse of trade between them won't just hurt China, but will lead to a severe economic
01:08shock in the United States as well.
01:11And finally, the Financial Times had a nice graph over the weekend.
01:1580% of Americans think the country would be better off if more Americans worked in manufacturing,
01:21but rather fewer of them thought that they would be better off if they worked in manufacturing.
01:27And that's finance.
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