Caution ahead of a busy day

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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