Wednesday: China's trade stats weaker than forecast
China’s exports and imports fell more than expected in July, which drove stocks down in Asia overnight. US bond yields fell too after Moody’s downgraded 10 mid-sized US banks. Deflationary signs are expected from China later today. In our deep dive interview, ANZ’s Senior International Economist Tom Kenny unravels what a ‘Goldilocks’ recovery for the US economy would mean for global interest rates. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/