Wednesday: US retail strong, just as China slides
US retail sales data was stronger than expected, ramping up the inflation pressure on the Fed. But China’s growth is slowing sharply, leading to a surprise rate cut. Oil prices slid on China’s weak data. In our bonus deep-dive interview, ANZ’s Senior Commodities Strategist Daniel Hynes details what an even harder slowdown of apartment building in China might do to commodity prices. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/