The Wrap: Lockdowns, Pathology & Automotive
-Sydney lockdown unlikely to reduce the magnitude of consumer expenditure -Whether the UK re-opened prematurely hinges on hospitalisations/deaths -Support for pathology stocks from the pandemic likely to continue through 2021 -Australian dollar rally sensitive to more hawkish commentary from central banks -Motor vehicle supply shortages unlikely to be resolved quickly Covid-19 & Oz Lockdowns Lockdowns are obviously needed, JPMorgan suggests, and more so if the spread of the virus persists, yet so far the broker does not believe there is sufficient reason to shift short-term GDP forecasts o...