There have been big global move down in equities yesterday and that continued overnight. NAB’s Taylor Nugent joins Phil to discuss this risk-off mood. There’s no clear trigger except shares rose quickly last week. The Iran situation certainly wasn’t responsible after another day with more ships leaving the Strait and oil prices continuing to fall. But why has the Aussie dollar taken such a big hit? They also discuss yesterday’s PMIs and look ahead to today’s Australian inflation numbers.
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