The US was on holiday Monday so it’s been a quiet session all round. As Phil Dobbie discusses with NAB’s Tapas Strickland the most volatility was in oil prices, with supply concerns from Libra and Iraq. The IMF released revised economic forecasts, cutting their expectation for growth in 2020, but it’s still an improvement on 2019, thank goodness. Given that little is expected to change with the Bank of Japan, the main focus tonight will be what President Trump has to say at the opening of the World Economic Forum in Davos. We know he always likes to surprise when he’s on foreign soil.