China is doing what it can to boost infrastructure investment, perhaps fearing the worst outcome from a Trump-Xi meeting at the G20 later this month. It boosted equity markets for a while, but not the whole session. Phil Dobbie talks to NAB’s Rodrigo Catril about the latest on the Chinese economy, the expectations for US CPI tonight, the slide in the Aussie economy, evidenced by yesterday’s NAB Business Survey, and a range of central bank speakers today and tonight. Will Mario Draghi finally admit the European economy isn’t in such great shape?
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A piggy bank backed recovery
Markets have adopted a glass half full approach, says NABs Ray Attrill, as fears of a recession take a back seat. One factor could be people dipping into the considerable savings amassed during the pandemic.
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Strong US ISM numbers, Trump targets India and is the RBA dreamin’?
Strong US ISM numbers. NAB’s Ray Attrill talks through positive data from the US, and the rose-tinted view of the Aussie economy from the RBA.
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Will the UK leave Europe before World War III?
Will the UK leave the EU before Trump and Iran lead us into WW3? The question of the day on Balls Radio.
