The markets rarely react too much to forecasts from the IMF, so why this time, if indeed they have? That’s a question Phil Dobbie puts to NAB’s Rodrigo Catril in today’s Morning Call podcast, who suggests it’s more a reaction to a busy 24 hours for data and news. There’s certainly a more cautious mood today, ahead of the ECB meeting, the minutes of the last FOMC meeting and a slew of US and UK data. They also discuss the latest on Brexit, including the EU summit, and what we can take out from yesterday’s home loan data in Australia.
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Shares down as consumers focus on the essentials
Big moves in European gas prices makes recession fears in Europe more pertinent says NAB’s Tapas Strickland who also explains how Walmart’s profit warning hit US stocks hard.
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US recession talk and EU helps kick the can
Does an inverted yield curve mean a recession is on the way? Too early to call, says NAB’s Rodrigo Catril. But, it does seem the slowdown in Europe will last longer than envisaged.
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Labour mobility – do we need more or less?
Migrants are viewed more as a drain on resources than a boost to the economic output of a country. But s an open border any better?
