Thursday 25th July 2019

Phil Dobbie talks to NAB’s Alex Stanley about another set of disappointing data from Europe. Eurozone manufacturing PMIs are well down, hitting a seven-year low in Germany. With bond yields down across the continent does this raise the impetus for easing action by the ECB, which meets today? Manufacturing numbers were down in the US too, but shares continue to rise on the back of stronger than anticipated earnings results. Whilst closer to home, bond yields are falling in Australia too. Will Philip Lowe give a hint of when the RBA will move rates down? And Boris has talked up the pound, saying, ‘never mind the backstop, the buck stops here’.