The Economy US retail sales impress yet again. Existing home sales touch new high in Canada. Weak labor market dynamics persist in the UK. German inventor sentiment slides. Japan’s tertiary sector recovery continues. Jobs growth stalls in Australia.
The Market A mixed week for global equities, with Japan and Australia gaining most. Australia lead global retreat in yield on dovish speech by RBA’s Lowe. The Aussie plunges on dovish forward guidance from RBA. Mixed week for commodities, with gold lower but oil up slightly.
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