Friday 10th May 2019

The imposition of tariffs by the US on Chinese imports is just hours away. As Phil Dobbie discusses with NAB’s Gavin Friend, the markets reacted sharply to President Trump’s comment at a rally that China ‘broke the deal’, but now he is suggesting a deal is still possible. Assuming the tariffs will be imposed, will there be any further reaction on the markets? Plus, will the Statement on Monetary Policy, released today, shed more light on why the RBA kept rates on hold this week, whilst the RBNZ went for a cut? And how important are US CPI and UK GDP numbers today, given the focus seems to be on the 12.01am deadline in the US?