Business
ASX climbs 1.4% after rocky start to December; RBA decision ahead – The Sydney Morning Herald
The ASX added as much 1.4% after a shaky start on Tuesday. The RBA is holding its final board meeting of the year with a rates decision due at 2.30pm AEDT.
News is unlikely to get worse from here now that China has announced 169 per cent importtariffs as Provisional Measures on Treasury Wine Estates wines, Credit Suisses team notes.
The main risk we see to Treasury is that the tariffs persist for longer than we model. (The bestcase is the tariffs are removed in four months should the antidumping investigation warranttheir removal, but under the current form can run to August 2021.) We assume heavytariffs remain (in some form) through 2022-23 as the…
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