No shutdown, just an emergency (and a holiday)

US officials have been meeting the President at his Florida resort over the weekend to go over the trade talks with China, and it seems headway is being made. Phil Dobbie asks NAB’s David de Garis if that’s what’s drove the risk-on mood at the end of last week and can we see it expect to continue this week. Then there’s the avoidance of a government shutdown, but the fly in the ointment is Trump’s declaration of an emergency to fund his wall. Could that have consequences for the markets? They also look ahead to a busy week for Australian economic news in a week that starts slow, with the President’s Day holiday in much of the US.

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