RBNZ Governor Wheeler is now appearing in parliament (answers questions in front of a committee)

  • Says markets decided fairly easy to put fiscal policy through with GOP house wins
  • People are trying to work out what Trump win means for fiscal policy, infrastructure spending, tax cuts
  • Markets also analysing impact of Trump win on trade
  • People need to focus in the near term on the us position on trade reform
  • Says US needs to think very seriously about its trade leadership in the Asia Pacific

Headlines via Reuters

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More:

  • Signs of inflation emerging in US, China
  • Long term inflation expectatons well anchored

(via Bloomberg)