Draghi turns dovish, China talks hopeful

There’s been a lot of movement in equities and bonds, with Mario Draghi changing his tune on the state of the European economy and the role of the ECB. Rate cuts look more likely along with other stimulus measures. Phil Dobbie asks NAB’s Gavin Friend how quickly this could happen, and whether it could influence the path being taken by the Fed. They discuss the FOMC meeting which happens just before tomorrow morning’s podcast. The other big news today is the promise of talks between the US and China at the G20 next week. President Trump spoke of an extended meeting, before taking a swipe at Draghi’s stimulus measures lowering the Euro to the detriment of US trade.

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