The imposition of tariffs by the US on Chinese imports is just hours away. As Phil Dobbie discusses with NAB’s Gavin Friend, the markets reacted sharply to President Trump’s comment at a rally that China ‘broke the deal’, but now he is suggesting a deal is still possible. Assuming the tariffs will be imposed, will there be any further reaction on the markets? Plus, will the Statement on Monetary Policy, released today, shed more light on why the RBA kept rates on hold this week, whilst the RBNZ went for a cut? And how important are US CPI and UK GDP numbers today, given the focus seems to be on the 12.01am deadline in the US?
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Bond yields and equities dive on bad economic news from China and Germany
Bond yields and equities take a big hit on poor numbers from China and Germany. On today’s Morning Call podcast Phil Dobbie asks NAB’s Alex Stanley whether the trade dispute is having a bigger impact than expected.
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A Temporary Change in Direction
Inflationary pressures remain, but the focus is how quickly the prices will come down, says NAB’s Taylor Nugent. It’s all keeping markets guessing, with this morning reflecting a turnaround on yesterday for bonds, the dollar, oil prices and, to an extent, equity prices.
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Do Women Drive the Economy?
The latest Viewpoint report from the Commonwealth Bank shows that in January this year 39 percent of men said the economy was strong, compared to just 21 percent of women.
