Payrolls relief, oil and the US election, the RBA’s next move and more

In the latest episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing unpacks a tumultuous week that ended on a high. April's soft payrolls report may have given the market much-needed evidence that US disinflationary forces are gathering, but will that sway the Fed? And what can investors expect from the Bank of England this coming week? Neil also frames Xi Jinping’s trip to Europe against a backdrop of rising global trade tensions and previews our upcoming ‘Spotlight’ project, which will answer the question of whether US economic and financial market dominance will continue. Plus, Abhijit Surya from our ANZ team lays out our case for the Reserve Bank of Australia to raise interest rates at its meeting on Tuesday and, in an exclusive clip from our recent client briefing, our Commodities team discuss Saudi and Russian oil production in the run-up to the US election and why the copper price rally looks overdone.