Thursday 24th May 2018

Italy’s new government, Turkey’s emergency rate hike, the failing China trade deal, the UK’s weakening inflation, slow growth in Europe, tensions over Iran – there’s a lot to be concerned about. Phil Dobbie talks to NAB’s Rodrigo Catril about today’s switch to risk-off sentiment, evidenced by falling equities in the US, Europe and Asia. Yet the US goes from good to better, it seems with the FOMC minutes suggesting a rate hike at the next meeting.