NAB Morning Call

Oil cuts not deep enough; UK GDP falls further


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Friday 26th May 2017
Even though OPEC (and others) have agreed to extend oil production cuts into next year, it wasn’t enough for the markets, who clearly expected more. Phil Dobbie talks to NAB;’s David de Garis about the reaction, which has seen major commodity currencies fall, along with oil prices and shares. They also discuss the UK’s disappointing GDP results, and look ahead to data, speeches and meetings – not least of which is the G7 in Sicily, with President Trump in attendance.
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NAB Morning CallBy Phil Dobbie

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