Sluggish China growth pulse
• China data. China’s post-COVID recovery continues to stumble. The pick-up in annual growth wasn’t as strong as anticipated.• Shaky sentiment. Growth concerns exerted some downward pressure on bond yields, commodities, the CNH, the AUD & NZD.• US trends. US retail sales due tonight. A solid report could see US rate expectations lift, supporting the USD. RBA minutes released today. Mixed fortunes across markets at the start of the new week with China’s data batch in focus. China’s post-COVID recovery continues to stumble with the economy expanding by 0.8% in Q2. As a result, the pick-up in annual growth wasn’t...