It’s been a fairly quiet 24 hours. The equity markets have barely moved. Phil Dobbie asks NAB’s David de Garis why this is, given strong earning results from S&P 500 companies, and the promise of tax cuts and less regulation from the Trump administration. Yet the dollar has weakened, bond yields have stalled and gold is on the rise. It’s a similar story in Europe where things have quietened down, despite the continued political and fiscal risk. We also look at the RBNZ rate decision - on hold - and the direction of the New Zealand economy. Plus #Nordstromgate