Weaker US dollar and equities as markets take stock
Tuesday 9th April 2019 It’s been a quiet 24 hours that has seen stocks lose some of their gains of last week but, as NAB’s Gavin Friend explains, that doesn’t signify a loss in confidence, evidenced by rising benchmark treasury yields. The only spanner I the works is the continued rise in oil prices, not helped by the air strike at Tripoli airport and fears that all Libyan oil supplies could go offline. Gavin also talks to Morning Call host Phil Dobbie about the latest on Brexit – where no deal has been struck with Labour just as Theresa May sets off to Europe to negotiate an extension. Plus, yesterday’s Aussie job ads data and what to expect on home loan numbers today.