US deal done, new highs again for equities

Even though we don’t know the full details of the deal signed between the US and China today, equities have used it to post further gains and new record highs. NAB’s Alex Stanley questions whether the impact will be too significant, with all the difficult issues likely to be pushed back to a phase two deal. They also discuss UK’s weaker than anticipated inflation numbers, which hit UK gilt yields and today’s Australia housing credit numbers and US retail sales.

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