Monday 15th May 2017

US CPI and retail sales data came in below expectations on Friday. The share prices of major department stores took significant hits showing the market really wasn’t expecting this. Phil Dobbie asks NAB’s Ray Attrill whether this means it will also have been a surprise for the Fed and what it means for their plans this year. Plus China’s President Xi talks up plans for the Belt and Road Initiative as the "project of the century," pledging more money to drive multilateral trade. Plus a plethora of data from Australia to digest this week.