Friday 15th June 2018

The ECB announced today, as anticipated, that their QE program will finish at the end of the year. But markets weren’t quite expecting the anticipated delay in raising rates – which could be late in 2019. As Phil Dobbie discusses with NAB’s David de Garis, the response has been a sharp fall in the Euro, pulling the Aussie down with it and helping the US dollar to continue its rally. They also discuss the US tariffs on China and bad news for Theresa May whose Withdrawal Bill seems to have unwound itself. Plus a look at data and events to follow today.