Global markets were left weakened with the Federal Reserve pouring cold water over any monetary stimulus plans. Nick Parsons of National Australia Bank says investors should now begin to look at data coming out of Australia as well.
Instead of getting the hoped for surplus on the merchandize trade accounts yesterday, Australia reported another deficit. It is also the second month in a row that export of coal to China have dropped which is a worrying trend, says Parsons.
"These export figures from Australia raise a very, very big warning flag and it