Chinese authorities issued a Q&A from the meeting between President Trumps and Xi at the G20 meeting, which seems to have buoyed markets a little today. Phil Dobbie asks NAB’s Ray Attrill if that means we can expect a bounce in equities over the next 24 hours? He also asks whether Australia’s GDP numbers are a sign that the housing market is starting to bite. They also discuss last night’s Bank of Canada decision, the latest on Brexit, and look ahead to OPEC and a wealth of US data overnight tonight.
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Markets act as though the trade row is here for the long term
Markets have shown sharp moves – NAB’s Gavin Friend says it’s a growing realisation that the US-China trade war is not going to end soon, and that low inflation growth isn’t as transitory as Jerome Powell would have you believe.
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Markets rethink Corona risk; Aussie CPI today
Equities rebound – but, on today’s podcast, NAB’s Ray Attrill wonders whether it’s the calm before the next part of the storm over Corona news.
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ECB makes it to zero
Bond markets responded swiftly to the ECB’s larger than expected 50 basis point rise, but NAB’s Ken Crompton says there was more of a reaction to softer data coming from the US.
