Friday: Rates jitters return ahead of Jackson Hole
US stocks are down around 1% and US Treasury yields are up 3-5 basis points on concerns big central bank speeches tonight could be hawkish. US second tier data was stronger than flash PMIs indicated.
In our bonus deep-dive interview, ANZ’s Chief Economist for Greater China Raymond Yeung explains the downturn in China’s property market and the wider macro-economic implications.
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