Tuesday 24th July 2018

President Trump has relatively little influence on the markets today. His tweet in block caps, threatening Iran, pushed oil higher for a while, but it fell sharply as the markets remembered its more rhetoric than substance. In fact, as NAB’s Tapas Strickland explains to Phil Dobbie, it was the Bank of Japan’s changing approach to yield control and China’s policy to protect the economy that had the most impact on markets today. That could all change, of course, as the President meets with Mr Juncker tomorrow.