Macro Mondays LIVE | Mixed Signals

World of Oil Derivatives

RBNZ cut rates 25bp in a largely unexpected move. Meanwhile, there's some weak data out of the U.S.: Core goods CPI has plunged even further into deflation (-1.9% YoY), with PPI and industrial production also weak. On the other hand, U.S. retail sales are up and initial jobless claims are down.
Euro area industrial production has fallen 0.1%MoM and 0.5% - BBG.
In the U.S., Chapter 11 filings are the highest they've been in a decade; home buyers' sentiment has dropped to record lows; and inventory levels have hit the highest level since 2008.
James and James also address mixed data out of China, challenges in the iron ore market; a 0.5% MoM increase in UK retail sales; Bitcoin; gold; USDJPY and more.
The key data releases this week are:
Wednesday - FOMC minutes
Thursday - U.S. Euro area & UK PMI's, U.S. jobless claims
Friday - Chair Powell's Jackson Hols speech, Japan CPI