Thursday 16th October 2025
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US equities bounced back, despite ongoing uncertainty in US China relations. President Trump has described China’s avoidance of US soybeans as an economic hostile account, but Scott Bessent talked up the likelihood of a truce if China plays its part. NAB’s Sally Auld joins phil to talk through the market response to all this, plus the strong start to corporate earnings season. Although tech and banking might do well, Sally says we wait to see what earnings tell us about the real economy. Today, unemployment data for Australia is out, but it’s unlikely it will do anything to bring forward a cut from the RBA, with NAB still forecasting no moves until May next year.
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