The headlines in today’s US papers will be all about the testimony from Gordon Sondland to the impeachment hearings in Washington. In Israel the lead will be corruption charges against Benjamin Netanyahu. But these are in the sidelines compared to the markets’ anticipation of the next development in the US-China trade saga. As NAB’s Tapas Strickland discusses with Phil Dobbie, it’s still a waiting game, but as time passes equity markets are becoming more cautious. They also look at words from the Governor of the Bank of Canada, the Philly Fed’s business outlook overnight and what to expect from European PMIs tonight.