Too much oil, hope for Mexico and ECB on hold?
Thursday 6th June 2019 Markets are hopefully that a deal will be reached with Mexico and tariffs will be avoided, but it depends who you believe. Meanwhile, a big fall in new jobs in the latest ADP data. Phil Dobbie asks NAB’s Ray Attrill if this means a rate cut from the Fed is even more likely? Speaking of rate cuts, will the ECB have one today. It seems unlikely, so what will they do to get the economy back on track? Plus, US and Australian trade data is out today.