Pre-Trump Trade Battles and Currency Fears
Tech stocks have been hit on talks of stricter export restrictions to China, whilst Trump has been warning of a weaker dollar if he becomes President. Markets are already listening. NAB’s Taylor Nugent joins Phil on The Morning Call today.
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Show Notes
Thursday 18th July 2024
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It doesn’t take Donald Trump to launch a trade war with China. The Biden administration has threatened further limits on microchip exports to China, which hit tech stocks heavily in the US. NAB’s Taylor Nugent says currencies, meanwhile, have reacted to comments from Donald Trump, who said he’s like to see a weaker US dollar, to compete against the weak Yen and Yuan. Today we look at the latest New Zealand and UK inflation numbers, and their influence on rate cuts, as well as looking ahead to today’s employment data for Australia. And the ECB, expected to be on hold, but there’s a press conference elater, if you want to stay up for it. If not, listen in to tomorrow’s podcast and get a decent night’s sleep in the meantime.
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