Tuersday 24th February 2026

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NAB’s Ray Attrill joins Phil to dissect a classic "risk-off" shift in the global markets, marked by a retreat in US stocks and a pivot toward safe-haven assets. They explore the fallout from recent US Supreme Court rulings on trade policy, the persistent volatility surrounding the AI and software sectors, and shifting labor market expectations, highlighted in a speech nby Chris Waller overnight. Plus, the surprising resilience of the German business climate and the strengthening of the Chinese Renminbi as markets return from the Lunar New Year break.

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