Trump’s EU U-turn
European equities rebound on Trump’s EU U-turn, whilst the Aussie dollar hits a year to date high. NAB’s Rodrigo Catril joins Phil to talk through it all.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Tuesday 27th May 2025
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European equities rose on Monday on the back of the news that the imposition of higher tariffs on Europe have been pushed back a month. Does that also mean the result will be lower than the threatened 50 percent? NAB’s Rodrigo Catril talks about how the Trump technique might start to lose some of its impact as politicians and markets get used to the shock and awe approach. And ECB chief Christine Lagarde didn’t hold back in a speech on Monday talking about how “multilateral cooperation is being replaced by zero-sum thinking and bilateral power plays”. Meanwhile, there’s been another small fall in the US dollar, and a rise in the CNY and the Aussie touching its highest level for the year to date. Today the US and UK return from holidays, with consumer confidence data and durable goods orders for the US.
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