Strong US ISM numbers, Trump targets India and is the RBA dreamin’?
Wednesday 6th March 2019 It’s been a strong 24 hours for data releases. As NAB’S Ray Attrill discusses with Phil Dobbie, the non-manufacturing ISM numbers rebounded in the US in February and home sales beat expectations, whilst European PMIs were revised upwards and UK services PMI came in stronger than expected. There’s good news from the RBA too, who still expect Australia economic growth to reach 3 percent this year – but do we believe them? Philip Lowe will no doubt get some tough questions on housing this morning when he addresses an audience in Sydney. Whilst Donald Trump says nothing about China, and puts India (as well as Europe) in his sights.