Investor Presentaiton
GLOBAL RECOVERY UNDERWAY
CHINA'S RECOVERY OVER Q2 AND Q3¹
(% yoy)
20
BROADER GLOBAL RECOVERY ALSO UNDERWAY¹
JP Morgan/Markit Global PMI
15
(Net balance)
China total GDP and selected sectors
65
60
10
5
0
-5
-10
-Manufacturing and construction
Services
GDP
-15
5852222222
50
45
40
35
30
20
15
Q3 2006 Q3 2008 Q3 2010 Q3 2012 Q3 2014
Q3 2016 Q3 2018
Q3 2020
Oct-12
Oct-14
Manufacturing
⚫Services
Oct-16
Oct-18
INTEREST RATES VERY LOW; MARKETS STILL VOLATILE AS
COVID-19 CONTINUES TO DISRUPT ECONOMIES²
COMMODITY PRICES MOVED LOWER DUE TO GLOBAL
DOWNTURN BUT HAVE PARTIALLY RECOVERED¹
(Index)
Thomson Reuters/CoreCommodity CRB Index
10yr government bond yields (%)
3.5
3.0
2.5
US
2.0
1.5
U.K.
1.0
0.5
Japan
0.0
-0.5
-1.0
Oct-18
Euro-zone
Jun-19
Feb-20
112
Oct-20
VIX (CBOE Volatility Index) (%)
90
250
Excluding energy
80
70
200
60
150
50
40
100
Total
30
20
50
10
0
0
Oct-20 Oct-18
Jun-19
Feb-20
Oct-20
Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20
Oct-20
(1) Source: Refinitiv; Commodity price data to 30 October
Source: Bloomberg; data to 30 October
National
Australia
BankView entire presentation