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Speaker 1: Markets. Shane Sally Harbor isst management with us. Hey, Shane,

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Speaker 1: get it Ryan. How markets react to Trump's latest trade

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Speaker 1: tariff announcements.

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Speaker 2: Well, mister Trump is pretty good at keeping us on

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Speaker 2: our toes. The US shear market futures. This SMP futures

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Speaker 2: is what is telling us the market expects to happen tonight.

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Speaker 2: Our time is down point four percent after mister Trump,

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Speaker 2: he warned us that he's going to put sends some

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Speaker 2: letters out to people up to ten to twelve on Friday,

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Speaker 2: and he's going to start sitting livies as much as

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Speaker 2: seventy percent unilaterally a heat of this July ninth deadline.

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Speaker 2: So he's throwing a few We're going to make this

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Speaker 2: happen things today. He's come out, he's on time this

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Speaker 2: afternoon and said he's going to put an extra ten

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Speaker 2: percent tariff on those countries aligned with Brooks. This is

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Speaker 2: the the emerging nations, includes Russia and China, Brazil, and

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Speaker 2: then adding to the mixed US Treasury Secretary of scot

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Speaker 2: They said that he, mister Trump may impose April sixond

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Speaker 2: Liberation Day level tariffs on countries that don't reach a

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Speaker 2: deal beginning of the first of August. Now that is

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Speaker 2: different from the July to night, So that suggests that

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Speaker 2: face for you, you're going to see this extension of

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Speaker 2: tariff pause again. So that's what capital markets are thinking.

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Speaker 2: We're all thinking US government's going to push tariffs pauses

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Speaker 2: out further. If we don't get that, and if we

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Speaker 2: actually get increased tariffs, that would be a surprise for

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Speaker 2: capital markets.

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Speaker 1: Yeah, okay, interesting. What about the RBA tomorrow their decision.

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Speaker 2: Yeah, so the IRBA, Australia's central banker is their bank

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Speaker 2: in Australia widely expected to deliver a point twenty five

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Speaker 2: percent cut. That's at four thirty Zone time, and that

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Speaker 2: would take Australia's official illustrate down to three point six

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Speaker 2: from three point eight five. At the moment, it's the

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Speaker 2: key for market. It's all about tone inflations falling back

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Speaker 2: to within the irba's target bands. So they could do

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Speaker 2: more cuts, but similarly, they might want to wait and

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Speaker 2: see how the three twenty five basis points cuts through

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Speaker 2: from December kicked through. That would be what's called a

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Speaker 2: hawkish cut, so their cut rates and then they'll say

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Speaker 2: we're going to wait and see the key thing from

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Speaker 2: Zeona course on Wednesday. We've got our own reserve bank

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Speaker 2: coming out and markets aren't expecting anything. Ryan, It's very

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Speaker 2: much steady as she goes. But there is a growing

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Speaker 2: view that the rb has some room to start talking

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Speaker 2: about potentially cutting rates, and that would be what's called

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Speaker 2: a dovish hole, so they wouldn't cut, but they'd start

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Speaker 2: talking about potentially cutting. So quite a big difference between

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Speaker 2: the RBA and the rbn Z certainly is.

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Speaker 1: And we've got our call obviously this week as well.

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Speaker 1: What about Opeic cranking up the oil production. How's that

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Speaker 1: been received?

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Speaker 2: Yeah, actually quite poisonively, just the increase in production. So

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Speaker 2: Ipeck plus talking about increasing production by five hundred and

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Speaker 2: forty eight thousand barrels a day, very specific number, which

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Speaker 2: is up high then they previously indicated four hundred and

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Speaker 2: eleven thousand dollars barrels a day. What that's mean is

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Speaker 2: we're seeing the Brent oil price, the futures again, the

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Speaker 2: forward market, what markets may do overnight in New zeal

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Speaker 2: And time expecting their oil price to fall by zero

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Speaker 2: point seven percent, so just under one percent to just

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Speaker 2: over sixty eight dollars us P barrel and of course

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Speaker 2: that lower all proce they'd be helpful in tens of

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Speaker 2: inflation relief, maybe allowing some of those central bankers to

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Speaker 2: think about cutting rates again.

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Speaker 1: Perhaps, Ryan, that'd be nice. Shane, appreciate your time, Shane,

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Speaker 1: Solly Harbor Asset Management with us for a market rap

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Speaker 1: for this evening. For more from Hither Duplessy Allen Drive,

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Speaker 1: listen live to news Talks the'd be from four pm weekdays,

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