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G20 said nothing, wait for the data
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Monday 11th September 2023
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The G20, unsurprisingly, didn’t come up with any solid plans about tackling the global economic downturn and inflation concerns. Perhaps it exposed the size of the agenda gap between the west and the BRICs component. China continues to avoid any solid plan of its own, to lift its growth, with the WSJ suggesting President Xi’s tight grip on policy is a big part of the problem. Japan’s currency, meanwhile, continues to weaken, so the USA dollar continues to strengthen. NAB’s Skye Masters talks about how markets are positioned at the start of a week that is quite rich in data, with US CPI, UK GDP and Australian employment, plus the ECB rate decision.
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