Monday 27th August 2018

US equites hit record highs on Friday. As NAB’s Ray Attrill discusses with Phil Dobbie, this was partially fuelled by Jerome Powell’s speech at Jackson Hole, where he talked of a ‘gradual approach to normalisation’. They also discuss the PBOC’s return to a counter-cyclical currency policy, the wash-up after Friday’s leadership challenge and whether the US could be close to a deal on NAFTA.