Monday 14th May 2018

President Trump seems to be offering a lifeline to Chinese telecoms company ZTE, whilst threatening car manufacturers with a 20 percent import tariff. NAB’s Ray Attrill suggests the concession to China is a positive step in trade relations, whilst the car tariff is unlikely to be endorsed. They also discuss concerns of the flattening yield curve, Draghi’s talk of a Euro-fund to protect countries in future crises and the fate of the Aussie dollar at the start of a week that is very light on fresh data.