Wednesday March 24th, 2017

President Trump’s full budget, released today, has had a muted reaction in the markets. Perhaps it’s because we already knew most of the detail and most people assume it won’t be enacted in full. But Phil Dobbie asks NAB’s Rodrigo Catril about one new item in the budget list – the plan to sell off half of America’s emergency fuel reserves. What impact will that have on oil prices? We also look at strong data from Europe, the release of the FOMC Minutes and Australia’s construction data out today.