Climate change is a long-term problem, but when it starts to affect asset prices it will happen very quickly, experts told the recent 2019 Association of Superannuation Funds of Australia.

Oil has been the big mover overnight ahead of the OPEC summit.

Little support from fiscal policy to see further cuts in February and June, with a move to QE in the second half of 2020 a real prospect.

Consumer growth slows further.

Our NAB Online Retail Sales Index data indicates that after two solid months of growth in August and September, online retail sales weakened in October.

President Trump has upset markets further today suggesting that the trade deal with China might be left till after the US election, a year away.

The AUD/USD drifted lower over November as progress towards achieving a Phase 1 US-China trade deal slowed, casting doubts on the likelihood of a deal in coming weeks.

The markets were spooked overnight by threats of further tariffs from the US President if a trade resolution isn’t reached.

The Reserve Bank anticipates a strong rebound in GDP growth, with annual growth accelerating from 1.4% currently to 3.1% by end-2021.