On the eve of the RBA interest rate decision, Australia delivered some lower than expected retail figures for December. Phil Dobbie asks NAB’s David de Garis if this is significant enough to demonstrate a further weakening of the local economy? Meanwhile there’s uncertainty stemming from the French Presidential election in April , with Marine Le Pen reiterating her plans to leave the Euro and controversy surrounding conservative hopeful François Fillon, who’s allegedly had his wife on his payroll for 15 years. We also look at the markets’ reaction to Friday’s weaker than expected US non-farm payroll data and the risk-off mood, perhaps based on concerns about the timeframe for the delivery of Trump’s plans.