The Morning Call Podcast
Turkey concerns ease; the lowdown on the NAB Business Survey
Wednesday 15th August 2018
Markets seem less concerned about the troubles in Turkey, even though Erdogan shows no signs of taking steps to ease the pressure on his currency. NAB’s Gavin Friend says the markets have a clearer understanding of the limited extent of the contagion, which has helped US stocks rally and emerging markets to calm down. He also talks to Phil Dobbie about the stability of the Yuan and its impact on the Aussie dollar, whilst Ivan Colhoun talks through yesterday’s NAB Business Survey and what it tells us about expectations for the local economy.