Weak NZ data, Upbeat Aust Biz survey, Strong Euro data, Dovish BoE and Fed, Trump drama

Weak NZ data NZ retail sales were weaker than expected.  This is made more potent by the fact that it appears to have received a significant boost from hospitality spending related to the Lions Rugby tour. Retail sales growth slowed to 3.8%y/y in June, a low since May-2015.  Core sales growth, excluding autos and fuel, […]