The Day Today 14th August 2019

– Chinese industrial output rose 4.8%, slowest rate in 17 years and below consensus expectations of 5.8%
– Chinese Retail Sales 7.6% against expectations of 8.6%
– Japan Machinery Orders rose 13.9% MoM, versus expectations of -1.3%, making it the largest rise since April 2005
– Philip Hammond warns against No Deal Brexit, John Bercow will fight to stop prorogation of parliament

US equities rallied, as did the Chinese renminbi, on the news some tariffs would be delayed and others removed. Asian equity markets rose in tandem

The Week That Will Be includes German GDP today 7am

On this day in 1980 Solidarity (Solidarność) began, giving rise to a non-violent, anti-communist social movement

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