Markets have been pulled in each direction in the last 24 hours. First, a positive reaction to reports that China might be about to drop the tariffs on US car imports. Then, reversed by threats from President Trump about a possible government shutdown if he doesn’t get the required funding to build the wall. But, as Phil Dobbie, suggests to NAB’s Rodrigo Catril, haven’t we been here before. Plus, Theresa May’s mission impossible in Europe, Australia’s consumer confidence, tonight’s US CPI and the trade deal the UK could have had, if they’d decided to stay in Europe.
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Ditching bonds like they are going out of fashion
US banks are guilty of one-upmanship, says NAB’s Tapas Strickland. It’s a race to see who can predict the fastest level of rate hikes? Isn’t it all going too far too quickly?
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Another US inflation surprise. Still transitory?
US inflation has surprised again, up even higher than last month. But NAB’s Tapas Strickland says the indications are that it’s still transitory.
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Will Internode pull out of the bush?
Internode founder Simon Hackett warns that his company could soon stop selling in areas where they are reliant on Telstra’s wholesale DSL product.
