The bank reporting season has been "worse than expected" as the big four continue to grapple with the aftermath of the royal commission, according to Tribeca Investment’s Jun Bei Liu.
This week, the National Australia Bank recorded a significant 14 per cent drop in its full-year profit, with the bank cutting its dividend on the back of the result. Ms Bei Liu told Sky News while the results are disappointing, all the major banks are operating “in a tough environment”.
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US and China strike deal to relax tariffs | Sky News AustraliaChief Market Strategist at InvestSMART Evan Lucas says China and the US agreeing to roll back tariffs “needs to happen from an Australian centric point of view”. \n\nThe US and China agreed to remove some tariffs on each other's goods as part of the first phase of a trade deal, according to officials from both sides.\n\n“If we can see that the Chinese say yes and so do the Americans then Asian-led recovery markets will happen and therefore we will get rolled up in that and that’s a very positive way to finish the year,” Mr Lucas told Sky News. \n\nImage: Getty
Source: SkyNewsAust - 🏆 7. / 78 Read more »