US treasury yields drop sharply on more confidence the Fed can cut three times this year. The Bank of England cuts, but only just. China’s factory output contracts in July, and Australian exports to China fall. All eyes are now on US non-farm payrolls.

In our bonus deep dive interview we return to our coverage of China’s weakening consumer confidence, with ANZ Agriculture Economist Susan Kilsby explaining why authorities’ attempts to revive consumer demand are struggling to get traction.

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