Economic Indicators and Market Reactions

Friday 28th February 2025

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President Trump has made some more sharp moves on tariffs. The date for Mexico and Canada is now back to the middle of next week, and a further 10 percent is to be imposed on China at the same time. Phil asks NAB’s Gavin Friend about the market reaction and how much of this will actually come to fruition. UK Prime Minister Keir Starmer has been to the White House, but it seems Ukraine was off the agenda ahead of a ‘big deal’ supposedly being signed with Zelenskyy tomorrow. There’s also discussion on US PCE numbers and Australian capex. All very interesting, but clearly the focus is on which tariffs happen where and when (and by how much).

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