US Markets Closed Flat, China Stabilizes, and the End of Monetary Tightening in Europe?
Update: 2023-09-20
Description
US markets closed flat last week as investors feared further interest rate hikes from the Federal Reserve, leading to a decrease in optimism. However, markets in Australia, Europe, and the UK saw growth due to strong performance from companies reliant on Chinese exports. In Europe, the European Central Bank hinted at the end of its monetary tightening campaign, while the UK saw a decline in its economy and an unexpected increase in unemployment. In Japan, speculation arose regarding potential Bank of Japan monetary policy normalization. China showed signs of stabilization, with the People's Bank of China cutting its reserve ratio requirement and economists predicting further policy easing. All eyes remain on China for a soft landing.
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