Macro Briefing: 18 August 2021

* Uncertainty reigns after Taliban’s takeover of Afghanistan
* US investors trim China investments as Beijing’s tech crackdown deepens
* Revised Eurozone inflation confirmed at 2.2% annual rate, highest in 3 years
* UK inflation falling to 1-year-plus low
* US industrial output continued to rebound in July
* US consumer spending in July highlights shift to services
* US retail sales fell more than expected in July:

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