Markets buoyed by reports of auto tariff delay
Thursday 16th May 2019 US and European equities are up again today on reports that President Trump is delaying auto-tariffs due to kick in this weekend. But Treasury yields have fallen on rising expectations that the Fed will cut rates sooner rather than later. NAB’s David de Garis talks through it all with Phil Dobbie on today’s Morning Call. They also discuss why the Aussie dollar and the pound were two of the worst performing currencies in this session and the significance of today’s employment data in Australia.