US stocks took a big hit today, in part because of rising tensions between the US and China. Phil Dobbie asks NAB’s Tapas Strickland whether a lack of progress could cause the Fed to rethink it’s expected December rate hike. The market has already downgraded the number of rate rises expected next year because of uncertain global market conditions. The Aussie and New Zealand dollars seem to have come off the worst out of the major currencies with this rise in uncertainty, whereas Sterling has risen, even though the Brexit path forward is as muddy as ever.
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Fed minutes trumped by ECB strategy review
The FOMC minutes did little for cautious markets. NAB’s Gavin Friend says the outcome of the ECB’s Strategic Review should hold more interest.
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Trump’s week-end tariff spat
Is President Trump bluffing on hiking tariffs on China by the end of the week? I talk to NAB’s Rodrigo Catril on what promises to be a very choppy week.
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Markets in limbo
Markets are a bit in limbo today. NAB’s Skye Masters says there has been some consolidation after the initial response to the payrolls data on Friday, but basically everyone is hanging out for the US CPI numbers tomorrow.
