Festive red is not a colour we want to see right now

It’s a sea of red today, and not a jovial Santa Claus red. As NAB’s Rodrigo Catril discusses with Phil Dobbie, equities, oil and bond yields are all down. The only positive news is that the Italian government might kowtow to Brussel’s demands – or succumb to the cost of borrowing. Meanwhile, Brexit takes another turn as Jeremy Corbyn tables a motion of no confidence in the Prime Minister. Where is that Christmas spirit?

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