Heavy data day turns markets red
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Wednesday 16th August 2023
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It\\u2019s been a busy day for data releases, having a profound impact on markets. NAB\\u2019s Ray Attrill talks through what\\u2019s happened, not least of which is the continued signs of slowdowns in the Chinese economy. Japan too has shown a fall in consumption, even though GDP rose (it was all through exports). The Bank of Canada might not be done with rate hikes with a CPI surprise, and the Bank of England has to contend with higher-than-expected wages growth. Even the US is starting to question hopes of a soft landing. It\\u2019s been a session rich in data that\\u2019s raised more questions than its answered. It was a day light on good news. Maybe the Matildas can put that right.
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