Wednesday 18th July 2018

Jerome Powell has struck a cautious note in his testimony to the Senate Banking Committee. Phil Dobbie asks NAB’s Rodrigo Catril whether the flattening yield curve is the major cause for concern. Mark Carney has also been talking to the government, suggesting the EU will fare worse than the UK if there’s a hard Brexit – although he admits neither will do well out of it. Rodrigo isn’t sure the EU will come off the worst. They also discuss the EU Japan free trade deal, May’s narrow victory on the trade bill (and why that’s important), UK and European CPI and signs of rising inflation in New Zealand. Plus, the growth in US equities as most companies report strong earning results. For Netflix, good just wasn’t good enough.