An agreement was reached between Presidents Trump and Xi at the G20 meeting over the weekend. No increased in tariffs for 90 days. Phil Dobbie asks NAB’s Rodrigo Catril, is there enough in it to improve market sentiment this week? And what does it mean for Australia, against weakening data from China and lower iron ore prices. Plus, a recommendation for oil cuts, but who will adhere to it? It’s also been a bad weekend for Theresa May, with another resignation and a legal threat for not releasing advice she received on her Brexit plan.
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Kaplan’s hawkish wings are clipped
One of the FOMC’s more hawkish members is suggested tapering could take longer. NAB’s Ray Attrill says that the prospect of the Fed continuing to provide $120 billion a month for longer wasn’t lost on the equity markets.
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Trump says he’ll go it alone on stimulus
Jobs continue to be guiding force for COVID recoveries. NAB’s Tapas Strickland looks at numbers for the US, UK and Australia.
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US recession talk and EU helps kick the can
Does an inverted yield curve mean a recession is on the way? Too early to call, says NAB’s Rodrigo Catril. But, it does seem the slowdown in Europe will last longer than envisaged.
