China shops, RBA waits, FOMC meets
b'Wednesday 16th September 2020Equities are on the rise again in the US. NAB\\u2019s Gavin Friend says it has been driven by a flurry of M&A activity, alongside vaccine hopes and reasonable activity numbers from China, which showed retail sales turning positive for the first time this year. Compared to that, US data was decidedly mixed, with the pace of recovery seeming to slow. The FOMC meeting tomorrow morning will present a dovish view, says Gavin, with the possibility of downgrading some of their economic forecasts. On the podcast there\\u2019s also discussion on yesterday\\u2019s RBA minutes and why the latest UK employment numbers should be taken with a pinch of salt.
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