Tariff rollbacks. Stock market up big.

We know, lousy English, but these are the words of the US President as shares rose higher on further hope that trade talks with China will see a roll back in existing tariffs. As Phil Dobbie discusses with NAB’s Tapas Strickland, despite the positive sentiment, there’s still no official word from the White House. Sterling suffered a little today after the Bank of England failed to reach a unanimous decision to keep rates on hold – two members voted for cuts, perhaps signalling they’ll get their way sometime soon. Today eyes will be on the RBA statement on monetary policy and China’s trade data, for further signs of the impact of the trade war.

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