Where now for Europe?
Tuesday 9th July 2024
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It\u2019s been a lacklustre day for markets. Equities have moved a little ahead of earnings season which kicks off in earnest later in the week. NAB\u2019s Gavin Friend joins Phil to talk about the new French government, which will take some time to form. Will it be one of such compromise that nothing will be achieved? But is it symptomatic of Europe\u2019s future. German trade data showed a sharp fall in imports yesterday. The EU is set to impose fines of countries falling outside their rules on government debt. Is there rally much hope for a European recovery? They also discuss Powell\u2019s testimony tonight \u2013 will he use it as an opportunity to signal a change in attitude for the Fed? And NAB\u2019s business survey is out today. Hopefully it will be a little more positive than last month.
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