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Markets resting on hope of a tariff delay

Overnight US equities have partially reversed their declines. Phil Dobbie asks NAB’s David de Garis whether this reflects an assumption that a trade deal will be done with China, or at least delayed, and the threat of tariffs by the weekend won’t come to fruition? It seems to be the way of things lately, with Theresa May’s career hanging on by a thread and a new deadline, this time from Iran’s President Rouhani. It seems the clock is ticking on lots of fronts right now. They also discuss the wash-up from yesterdays rate cut by the RBNZ and the slide in the Aussie dollar overnight.

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