Wednesday 25th October 2017

President Xi’s thoughts on socialism have got him a mention in the Communist Party Charter. So, what does that mean for the world economy over the next decade. Not an easy question to answer but Phil Dobbie puts it to NAB’s David de Garis anyway. On more immediate matters, strong earnings have added to US stocks, whilst the assumption that the Fed will raise rates and the new chair will have a more hawkish outlook, has flattened the yield curve. They discuss that, plus the continued slide in the NZ dollar and the expectation for Australia’s Q3 GDP today.