While Australia argues about the merits of rolling out a $43 billion fibre-to-the-home network, a similar debate rages over the ditch in New Zealand.
The Aussie dollar has fallen sharply on weak Chinese data. Oil has also fallen markedly, with NAB’s Ray Attrill says that’s a combination of the China data and hopes of an Iran nuclear deal that would add more oil to global supplies. https://t.co/Q0fzeqBcGU
Equity markets pushed higher in the US on Friday. NAB’s Tapas Strickland says strong corporate earnings have helped, and a belief that the Fed will not be moving much further on rate hikes – even though Fed speakers are keen to suggest otherwise.