Markets respond to a glimmer of hope

There’s a risk on mood in the markets today on hopes that some osrt of interim deal will emerge from the high-level US China trade talks that kick off today. As Phil Dobbie discusses with NAB’s Gavin Friend, that’s despite all the obstacles the US placed in the way in early part of the week. They also discuss a possible path to Brexit – whilst nothing is likely to happen this month, could Boris Johnson find himself with more negotiating power in a month or two? Whilst the FOMC minutes revealed little that was new, Jerome Powell has described the US economy as being in a good place, but expectations are still rising for two further cuts this year. And comment on yesterday’s consumer sentiment numbers for Australia.

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