A New Generation EU and China goes cold on Aussie coal
Thursday 28th May 2020 The Australian dollar lost ground today as China threatened to ban imports of Australian coal. Phil Dobbie asks NAB’s David de Garis whether it’s in-part because they want to move away from imported coal, or is it a punishment for siding with the US? There’s also discussion about the new stimulus deal for Europe. It has to be debated and agreed by all EU members next week but markets have taken it as a big step forward. And how much optimism is there amongst Australia businesses post COVID-19 – the forward expectations from today’s private capital expenditure numbers will be a strong indicator of that.