Less Shock, More Ore
Monday 1st June 2020 President Trump has announced that Hong Kong is no longer autonomous and threatened to remove benefits and impose tariffs on the former British colony. But is it all words, with very little action? Meanwhile we’re seeing iron ore prices rise, largely because of concerns over supply from Brazil. With China planning a large infrastructure program to aid their recovery, won’t this be good news for the Australian economy? It’s a question Phil Dobbie puts to NAB’s Tapas Strickland on today’s Morning Call podcast. Plus the optimistic tone set by markets as lockdowns ease and this week, what’s the real jobless number for America?