Booze battle brewing
Friday 14th March 2025
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Markets 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…
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