A Double Deal … did the markets overreact?
Monday 14th October 2019 The markets finished last week on a high, with a phase 1 deal sorted between the US and China, and hope that a solution might have been found for Brexit. Phil Dobbie asks NAB’s Tapas Strickland whether there was a little too much optimism at the end of the week, given both deals could easily go no further. They also look at US consumer confidence and Canadian employment, both surprisingly high, and NZ manufacturing, unsurprisingly subdued. They look ahead to the release of today’s NZ performance services index and Eurozone industrial production numbers for August.