Tuesday 29th July 2025

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

The euphoria over a US—EU trade deal didn’t last long. It has helped catapult the US dollar higher, but at the expense of a big fall in the Euro, with European equities also well down. NAB’s Ray Attrill joins Phil to talk through the about turn, with the realisation that 15% tariffs will slow the European economy. As a result, copper and iron ore prices are well down. Oil, though, is much higher with the prospect of secondary tariffs on Russian oil looming, after President Trump gave Putin 10-to 12 days to sort out a peace deal for Ukraine.

Hosted on Acast. See acast.com/privacy for more information.

EU a little less excited one day on