Trump pours cold water on trade hopes

Hopes of a quick resolution to the US China trade dispute seem as unlikely as ever, with President Trump dismissing the idea of a partial deal and China cancelling a trade delegation to meet US farmers. Phil Dobbie talks to NAB’s Rodrigo Catril about the risk-off market reaction, with equities falling, bond yields rising and safe-haven currencies on the rise. They also discuss attitudes to the European economy and whether Brexit optimism was over-egged last week. Plus, the news that NAB now predicts two rate cuts from the RBA this year on the back of poor employment data last week.

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