Has the global slowdown bottomed out? Already?

There was continued optimism in the markets overnight with more strong data reads from China and the US. Phil Dobbie asks NAB’s Tapas Strickland whether this means the worst of the downturn is over when the two nations at the centre of the trade dispute seem to be getting along alright despite it? Other export nations are faring a little worse, though, notably Japan and Germany. So what stance will the RBA take today and what surprises (if any) are in store in the Aussie budget. Plus, expect more turbulence in the pound as MPs have another round of indicative votes and the threat of a serious cabinet split for Theresa May.

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