Draghi’s (almost) last stand

Mario Draghi is easing his way out of the ECB tonight (Australian time). After this, he has one more meeting before Christine Lagarde takes over, but a stimulus boost today is widely anticipated. Phil Dobbie asks NAB’s David de Garis what we can expect beyond a simple rate cut. There’s also word on NAB’s revised expectations for cuts from the RBA, with one expected later this year and one early in 2020. And with producer prices rising is a cut from the Fed still expected next week? Also, today. How oil prices have taken a hit as a more conciliatory White House seems ready to talk to Iran, and an olive branch from China, but is it enough to postpone the forthcoming increase in tariffs imposed by the US? Plus, a bridge too far for Boris Johnson?

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