The UK PM Theresa May has delayed the parliamentary vote on her Brexit deal, hoping the EU will negotiate on the open-ended nature of the backstop arrangement. But is it rearranging the deckchairs on a doomed deal? Phil Dobbie talks to NAB’s Tapas Strickland in London, where the pound has taken a hit on the increased uncertainty on where Brexit is heading. They also look at the swift turnaround in oil – with OPEC cuts agreed, why are prices sliding again? Plus, more on the plight of the Aussie dollar which, like the ASX, has had a tough 24 hours.
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Crimes, curves and patience
Not a lot of data releases, but lots of consternation over Ukraine and global inflation. NAB’s Tapas Strickland says peace talks are continuing and a quick turnaround is still possible. Meanwhile more sanctions look likely, driving oil higher and denting the Euro today.
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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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NBN struggles to put the who in wholesale
The National Broadband Network Companies Bill is currently before the Senate, having passed through the Lower House earlier this month. This is the legislation that will determine what the NBN Co can and cannot do.
