Equities took a hit as Caterpillar, a bellwether stock, missed its quarterly forecast, showing that the tariff war isn’t just hitting the Chinese economy. Phil Dobbie talks to NAB’s Tapas Strickland about the market reaction, the end of the US government shutdown (for now) and a busy day for Brexit, as Theresa May’s bill is debated again, with amendments from the House. They also discuss whether the Fed will slow down the pace of the wind-back on its balance sheet and what to expect in the NAB Business Survey this morning.
-
PMIs boosts sentiment; NASDAQ hits new high
Positive sentiment boosts equities still higher. NABV’s Tapas Strickland says its down to better than expected PMIs, a tweet on China trade and hopes of more stimulus.
-
The Aussie Coal Ban and Earnings Caution
The Aussie dollar is down. NAB’s Rodrigo Catril says it took two hits – first the reports of a ban on Aussie coal by China, secondly, caution from the US as the end of stimulus hopes sink in.
-
5 Reasons Business Needs The NBN
The Australian government is building a national broadband network promising fibre connections to 97 percent of households. But do we need it?
