There were big falls in equities in the US and across Europe overnight, with rises in bonds, the Yen, Gold and the Swiss Franc reinforcing the risk-off mood. As Phil Dobbie discusses with NAB’s David de Garis, the turn in the market this week hasn’t been helped by the arrest of Huawei’s CFO in Canada, hinting at further unrest between the US and China. Oil price also took a hammering as OPEC delays any decision on cuts. They also look ahead to non-farm payrolls to the US tonight, something that, in more stable times, would have been the focus of market attention. And David de Garis asks whether the market reaction reflects the data, which shows the US economy is holding up well.
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Convenient Untruths on Climate
Professor Corinne Le Quere counters the “facts” against climate change provided by Bob Carter from the Institute of Public Affairs.
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China angry on US Hong Kong Bill, but will it impact the trade deal?
President Trump’s signature on the Hong Kong Human Rights Bill won’t scupper the chance of a trade deal, says NAB’s David de Garis on today’s Morning Call podcast. Plus the impact of yesterday’s capex numbers on Australia’s next GDP read.
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Would Corbyn Take Us Back to the Seventies Crisis?
It’s the catch cry for those who like to spread fear – Corbyn in power would take Britain back to the 1970s. Are they right?
