Thursday 12th October 2017

Few surprises in the US Fed’s FOMC minutes released this morning. As NAB’s Rodrigo Catril explains to Phil Dobbie, it was another case of being “informed by incoming data” – in other words, do they wait for inflation to kick in. Meanwhile, in Europe Spanish PM Mariano Rajoy has issued an ultimatum to the Catalonian President – a move which seems to have helped the Euro and Spanish equities. Closer to home we see Australia’s inflation expectations today and New Zealand still waits for resolution of their new government.