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Mini Podcast on Macro
The Mini Podcast on Macro - that may matter to markets China - false dawn in retail & housing?. What Xi said to Biden to say to Trump: China's 4 Red Lines (actually 3) with one a tautological obsession which tells us what Xi is prioritising. What the official anonymous China "leakperson" said about Chinese rare earths' exports to the US and US weaponry. The Up-Coming Data: Japan CPI on Friday & why it won't stop the BoJ increasing rates (though the Yen weakness is all about the USD ("why explained). US PMIs and Michigan Expectations; Plus Lagarde on Friday will tell us what we all knew: that the ECB will cut rates by 25bp.