Waiting on the address before deciding direction

Trading volumes have been lower ahead of President Trump’s State of Union address. As Phil Dobbie discusses with NAB’s Rodrigo Catril, markets will be waiting for any word on the US China trade talks and the potential for a government shutdown resuming next week. Venezuela might also be on the agenda, although there seems to be little concern about oil supplies, with prices remaining subdued. They also diagnose yesterday’s news from Australia including the language from the RBA.

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