The UK Prime Minister will table her Withdrawal Agreement again tonight. Its acceptance, or otherwise, will determine the date of Brexit – which was to have been today. Phil Dobbie talks to NAB’s Tapas Strickland on what happens next. They also discuss possible delays in US China trade talks and its impact on the global economy. Plus the slowdown in New Zealand and what to expect from US inflation figures tonight.
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Reflation reigns for now
The global reflation trade is back on track after a brief hiatus says NAB’s Gavin Friend. A 10 year high in copper demonstrates the demand, whilst rising iron ore prices are lifting the Aussie dollar.
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Trusting Facebook and Google with privacy
Google has admitted to collecting data from unsecured Wi-Fi connections, while Facebook is being criticised for broadening the visibility of users’ content. Are we as a society starting to question where the big online players are placing the boundaries of our privacy?
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No surprises from the RBA, and don’t be surprised by an uptick in Aussie GDP today
OPEC+ is still unclear about what their easing of supply cuts will look like. NAB’s Rodrigo Catril says that helps explain the rise in prices beyond $70 overnight. Meanwhile, expect a higher GDP read for Australia later today.
