Another correction, but what’s the cause?

Will equities take another hammering today? Phil Dobbie puts the question to NAB’s Ray Attrill, and discusses the reason for the big falls we saw on Friday. They also discuss the reason for the latest ‘correction’ – is it fears of a trade war, changes to the Trump administration or something more fundamental, like economic performance and an over-valuation of shares. Could we see contagion to bonds and currencies today? They also look ahead to the first day in a new job at the RBNZ for Adrian Orr, with a new Policy Targets Agreement with the NZ government.