Thursday 18th May, 2017

President Trump is facing scrutiny over allegations he wrote a memo to FBI Director Comey asking him to drop a probe of his former national security advisor. The markets have reacted – with the dollar down and equities taking a tumble, with the gold price and the VIX index showing marked rises. We’ve also seen a fall in 10 Year Treasury Yields. Phil Dobbie asks NAB’s David De Garis about the likelihood that we’ll see just one more rate rise from the Fed this year. We also look at the UK’s employment data, which shows a fall in real wages – just like Australia. And will we see much reaction to Japan’s GDP figures today, or will all eyes be on the White House?