US manufacturing shows cracks, Brexit delays and Aussie GDP today
Wednesday 4th September 2019 Very soon it’s likely that the UK parliament will take the first step to delaying Brexit, allowing for yet more negotiating time with the EU. Ass Phil Dobbie discusses with NAB’s Gavin Friend, the idea of another election is also likely to be delayed, to the pound could face another month or so of uncertainty. Meanwhile, manufacturing numbers from the US have shown a serious downturn, clearly an impact of the worsening trade war. Could this be enough to spur the US President into fixing a date for further trade talks. And weaker Australian retail numbers, plus an expected downturn in GDP numbers could encourage the RBA to bring forward plans for a further rate cut.