It’s a significant day for Australia news, in a period where little else is driving markets in the rest of the world. Phil Dobbie talks to NAB’s Gavin Friend about the Banking Royal Commission, the fall in building approvals and what to expect today in retail sales numbers and the RBA rate decision. There was some economic data overseas that further reinforced concerns about a global downturn, but the markets seem to be on-hold right now, perhaps waiting to see what President Trump has to say at his delayed State of the Union address tomorrow.