Thursday 14th May 2026
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Is Donald Trump readying himself for a deal that will see him forego arms sales to Taiwan in exchange for China helping end the confict with Iran? It’s one interpretation of what might come from the summit in Beijing, but NAB’s Ray Attrill is doubtful anything too comnstructive will emerge from the talks. Still, oil prices have fallen a little and equities in the US have risen to new highs, despite an EIA report warning of rapidly depleting oil reserves. Meanwhile Kevin Warsh has been approved by the Senate as the next Fed chair, but he’ll find it hard to cut rates, with the latest PPI numbers rising sharply and bond yields rising. Today US retail sales is the main data release, although Ray explains to Phil why it might be difficult to decipher anything useful from it.
","author_name":"Phil Dobbie"}