Wednesday 25th February 2026
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Phil talks with NAB’s Skye Masters about a fairly quiet session for data and market action. President Trump’s 10% tariffs has sent ripples through the UK and EU, whilst the Yen has felt pressure following reports of political concern over further rate hikes, as well as China’s strategic export ban on critical minerals to several Japanese firms. There was a rebound in US consumer confidence driven largely by Republican voters, a tech-led rally in US equities ahead of NVIDIA’s results (still a day away), and the "open question" of rate cuts at the Bank of England. They also look ahead to Australia's monthly CPI release today, Michelle Bullock’s upcoming address, and Donald Trump’s (no doubt lengthy) State of the Union address.
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