Donald at Davos – lower oil prices and interest rates please
NAB’s Tapas Strickland looks at the market reaction to President Trump’s latest proclamations, this time at Davos.
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Show Notes
Friday 24th January 2025
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Strickland says he was much more conciliatory concerning his relationship with China, whilst reiterating that companies the world over have a choice to produce goods in America, at the world’s lowest tax rates, or face tariffs on exports into America. He also asked OPEC to reduce oil prices, which did lower prices for a short while, but didn’t hold. There’s also discussion about the Norgesbank on the podcast today, who find themselves in a very similar position to the RBA, and the global PMIs today, possibly reinforcing the case of America exceptionalism.
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