Trading was riding high. That was, says NAB’s Gavin Friend, until the US President said he had announcement to make on China.
Markets are still responding to the weaker CPI read this week and don’t seem to believe the Fed when it says there’s still work to do. But NAB’s David de Garis says oil is the real inflationary concern as the northern winter approaches. https://t.co/byTJ4y58Db