Tuesday 18th February 2020
Nobody was expecting anything other than a bad GDP read from Japan but, as NAB’s Tapas Strickland explains, it was worse than bad. Yet there’s renewed confidence in China, with government stimulus measures helped to boost the CSI300 almost to pre-virus levels. Does that mean the concerns for the Australian economy are lessened? Philip Lowe downplayed the impact a little last week, will the minutes of the last RBA meeting reflect that sentiment, and does that mean a rate cut in the short term is looking less likely? And what about reports that the US will impose further restrictions on supplying semiconductors to Huawei? Plus, the end of the road for Holden. So sad.