Chinas slowdown gives confidence another blow

Published: Aug. 16, 2021, 8:38 p.m.

b'Tuesday 17th August 2021Markets remain unsure as to the speed of the global recovery, but there\\u2019s mounting evidence that the full extent of the rebound will be delayed. That\\u2019s obviously the case in Australia, but the US we reported on Friday\\u2019s falling consumer sentiment, overnight the Empire State manufacturing index underwhelmed. This will increase the focus on US retail sales today. Overnight, though, the response has been to data from China, where retail sales, industrial production and fixed asset investment \\u2013 were all weaker than anticipated, with the unemployment rate ticking up a little too. NAB\\u2019s Ray Attrill talks through NAB\\u2019s revised forecast for China\\u2019s growth. Locally the RBA minutes are out today, but they are somewhat out of date, given the change in circumstances.


Hosted on Acast. See acast.com/privacy for more information.

'