No deals, no rate cut and less Euro-growth
Wednesday 8th May 2019 US equities have been knocked again because those increased tariffs from the US on Chinese imports are looking more likely than not. Phil Dobbie talks to NAB’s Tapas Strickland about a session that has seen a growing concern over trade. To add to the woes, the European Commission has downgraded forecasts again including a drastic cut for German growth. The Aussie dollar has lost the gains it made after the RBA kept rates on hold yesterday, but isn’t a cut just a matter of time? And does this mean the RBNZ is unlikely to cut today? Plus, the Tory backbenchers are planning a mutiny tonight. Will they change the rules to oust their Prime Minster?