Another blast of disappointing US data
The ADP job report confirms that the US labour market has peaked and this, together with a recent run of other gloomier data, means the Fed will likely be more cautious next year.
The macro landscape remains as tumultuous as ever as Saxo Bank Head of APAC Macro Strategy Kay Van-Petersen looks into Apple, the RBA and RBNZ, Turkey, tech-sector earnings, and more.
To download your copy of Van-Petersen's latest Macro Monday update, click here.
Please note that Macro Monday will return on Monday, August 27.