Indonesia and Italy Spoil the Party

Listen here: https://soundcloud.com/user-291029717/indonesia-and-italy-spoil-the-party

Yesterday the markets were shifting to a risk-on mood as the US trade was signed with Canada. This morning it’s a different story as Italy’s travails continue and, as NAB’s Tapas Strickland explains, heightening oil prices are causing problems for Indonesia. Combined they have taken the edge of the positivity. He also talks to Phil Dobbie about the RBA statement yesterday, Jerome Powell’s speech, New Zealand business sentiment, and the state of the Aussie housing market.