EU doldrums, UK hope and China’s complications

The US trade representative Robert Lighthizer raised some concerns for the markets as he suggested that any trade deal would require significant structural change on China’s part. As NAB’s Rodrigo Catril discusses with Phil Dobbie it was one of three pieces of news that drove sentiment overnight. The other two were the rising expectation that Brexit will be delayed and the third, the sudden cuts in US oil inventories has pushed prices higher. They also discuss the fallout from yesterday’s Australian construction numbers, and what Jerome Powell had to say during his second day in front of Congress. As usual, they also look ahead to the data to look out for today.

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