Booze battle brewing

Friday 14th March 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets behaved in a classic risk-off fashion this session, with equities falling and safe-haven currencies rising. Even the US dollar came to the party.   Why? A day of bad news basically. Phil talks through it with NAB’s Rodrigo Catril. First, tariff tensions. President Trump is threatening 200 percent tariffs on alcohol from Europe in response to the EU’s retaliatory strikes.  Secondly, data. Even though the headline PPI read for the US suggested inflation is slowing, Rodrigo says it’s a different picture when you look under the hood. Finally, the ceasefire. The language coming from Putin suggests it is extremely unlikely. Today the Rengo report on Wages data is a key release, and what it will mean for the direction of the Bank of Japan.    Hosted on Acast. See acast.com/privacy for more information.