There’s been feverish activity in equity markets over the last 24 hours as investors respond to the US-China trade deal and the removal of Brexit uncertainty (for now). Phil Dobbie asks NAB’s Ray Attrill whether share markets could be in a melt-up. They also discuss movements in bonds and currencies as markets readjust to the news, and take-in the latest disappointing PMI data from Europe. But could circumstances change all that? The same question can be asked in Australia – does the government need to introduce a fiscal stimulus package – they haven’t so far – or will the economy pick-up?