Tuesday 26th June 2018

Harley Davidson has announced they plan to shift some production overseas to avoid retaliatory tariffs slammed on US exports. Phil Dobbie asks NAB’s Tapas Strickland whether this is the same as Airbus threatening to leave the UK after a hard Brexit - a bit of rhetoric that won’t come to fruition? Certainly, the markets are a little uncertain about how to price the rising tariff confusion, with equities hit hard today but other risk-off signs – such as gold and bonds – hardly moving. They also discuss the political climate in Europe, calls for the RBA to lift rates earlier, and why the rising Australian BBSW-OIS spread lately?