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High hopes and a gentle turning point

With nothing concrete to go on, markets continue to factor-in optimism over the US-China trade talks. NAB’s David de Garis talks through the reaction to reports that the US might actually wind-back on some of it’s earlier tariffs although, as he is keen to point out, the one man we haven’t heard from on this is the President himself. Favourable non-manufacturing ISM’s provided further encouraging news from the US, whilst the Aussie dollar lost some of the ground it gained after the RBA’s Philip Lowe spoke of a gentle turning point in the economy.

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