Thursday 5th April 2018

President Trump tweeted that the US has already lost the trade war and has everything to gain. Yet the markets didn’t see it that way as China announced tariffs on US cars, aircraft and soybeans. Phil Dobbie talks to NAB’s Rodrigo Catril about how the markets reacted today – the volatility is constrained to equity markets right now, but could that spread if the rhetoric is turned up a notch? Plus, the Kiwi and Aussie dollars were the only two major currencies to show significant moves overnight, why is that? And what to look out for in data releases today.