Markets brush off all yesterday’s news; RBA cut expected - a podcast by Phil Dobbie

Tuesday 1st October 2019

US equities are on the rise as markets brush off concerns over the lack of progress on US China trade talks. Oil has also retreated from the peaks after the Saudi attacks. Phil Dobbie talks to NAB’s Rodrigo Catril about the swift about turn on the markets, demonstrating how quickly yesterday’s news can be forgotten. Still, data continues to show a global slowdown. They discuss the fall in NZ business conditions and the expectation that the RBA will announce a quarter percent rate cut today.

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