Trump’s walkout of the meeting with Kim Jong Un dominated the news media overnight, but has little interest to the markets. Instead, there’s more interest in the China trade talks, which NAB’s Gavin Friend should be viewed with some optimism. It’s the same with Brexit, where a no-deal is highly unlikely. US GDP data adds to the day’s good news, along with Aussie capex numbers, but they’re offset by weaker data for China and falling business confidence in New Zealand.
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China steps back; and the long and short of Brexit
China and Europe both playing hardball on deals today. NAB’s Rodrigo Catril and I surmise it’s all part of the art of the deal. Plus, a prelude to the FOMC meeting tomorrow.
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Is the USO an expensive irrelevance?
Is the Universal Services Obligation still needed when the NBN is charged with supplying high speed internet access to every home in Australia.
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Suddenly, Europe shines brighter
A huge jump in he Aussie dollar. NAB’s Ray Attrill explains that, in part, it’s the indirect result on the rise in the Euro as a recovery package is finally agreed.
