Friday 7th September 2018

There’s a risk-off mood in the markets this morning, as Phil Dobbie discusses with NAB’s Ray Attrill. Central to that is the question on whether President Trump will move on imposing tariffs on an extra $200 billion worth of Chinese imports. What will that mean to the Aussie dollar? Add to that uncertainty the bear market in EM and the slide in technology stocks. Of less concern, but still significant, is tonight’s non-farm payrolls data for the US, which is expected to reinforce the decision to raise rates at the next FOMC meeting, a decision that will not be side-tracked by any inversion in the yield curve, according to the Fed’s John Williams.