Tuesday 22nd October 2019

As Phil Dobbie discusses with NAB’s Ray Attrill, two familiar stories dominated the markets overnight – Brexit and the US China trade talks. The UK government failed to have another vote on their Brexit plans, instead tabling the detailed agreement which will have to pass through both houses, with amendments. That’s a tight timetable to meet Boris Johnson’s Halloween deadline and there’s no guarantee what shape it’ll be by the end of it. There’s optimism on the US China trade talks, however, with the possibility that the December tariff hikes might be taken off the table. We’ve already seen some risk-on sentiment today, but either of those two stories could go pear shaped, of course.