The markets have been treading water ahead of the meeting between Presidents Trump and Xi at the G20 this weekend, impacted a little by the news that Peter Navarro might also be attending the dinner. I talk to NAB’s David de Garis about the likelihood that some sort of deal will be done. They also discuss last night’s core PCE deflator numbers as speculation mounts on Fed policy for 2019. Plus, all eyes on Euro-area CPI numbers tonight and Chinese PMI data this afternoon.
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Misplaced confidence, a housing bounce and a big day for the RBNZ
I talk to NAB’s Ray Attrill about the contrast in the US between high consumer confidence and falling manufacturing numbers and the shift to Treasuries. Plus a big day for the RBNZ today – what to expect.
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ECB, calibrating not tapering
As expected, the ECB cuts it pace of bond buying. NAB’s Gavin Friend says this is correcting an ECB that has been too gloomy on growth and inflation.
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We Need a Red Tape Trading Scheme
How much are Australian businesses being burdened with regulatory red tape? Is the problem worse in Australia than elsewhere and is it getting worse?
