Zacks.com has recently announced the list of stocks that is to be featured in the Analyst Blog. Every day the analysts show the recent news and events that will have a major impact on stocks and the financial markets. Stocks that were featured in the blog include Apple Inc. AAPL, SHOP, Shopify Inc., and China Construction Bank Corporation CICHY.
Central Banks Take Center Stage is all set for Global Week Ahead
Below mentioned are the highlights from Monday’s Analyst Blog:
In Global Week, the world’s most popular central banks, take the center stage. The Fed’s latest economic projections; Chair Powell’s presser; and, FOMC voting contingent on taper timeline; and those Wednesday actions will keep traders everywhere focused.
After that, the PBoC in China, the BoJ in Japan, the BoE in the United Kingdom, and other players in monetary policy; will be meaningfully added into this collective global main event.
Next on the list are Reuters’ world market themes, reordered for equity traders.
(1) Fed Meeting Breaks Wednesday
Several central banking meets in the Global week with the U.S. Federal Reserve’s meeting topping the must-watch list. The timing of the Fed’s U.S. tapering plans is still the main question, and recent data suggests information might be warranted. The U.S. economy has recently created few jobs in seven months in August, and consumer prices have also been increased in six months. The Fed’s tapering is yet to be started this year while stressing an interest rate rise is still way off. The Bank of Japan, which will be present Tuesday and Wednesday, will keep policy steady will also be warned of growing risks to exports from supply disruptions.
(2) Other Major Central Bank Meetings is to be Following Fed’s Lead
The Makor central bank is increasing its interest rates rather than just talking about it, which will be very helpful for markets using cheap cash. On Thursday, Norway’s central bank will be the first to be increasing its rates since the pandemic, most likely raising its main 0% rate to 0.25%. The Bank of England is unlikely to make any changes in its policy but with consumer price growth, traders are expecting a rate rise next May. Meanwhile, Switzerland is not expected to changing its balance sheet or lifting rates, it is still the world’s lowest, until long after the others. Sweden is planning to keep rates at 0% until 2024.
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(3) Is Evergrande Toast?
Chinese property developer Evergrande is planning to come up with $120 million worth of bond coupon payments. China’s no. Developers has been planning to raise cash, with increasing sales apartments and stake sales in its business network. Evergrande’s Hong Kong-listed shares have grown up to more than 80% this year.
(4) Did the Delta Variant Dent Manufacturing PMIs?
Purchasing managers indexes, which are used frequently to gauge to handle the economic growth. They are running above historical averages but have been updated for September due Thursday in many countries which will likely show PMIs edging hit earlier this year.
(5) Canadian Election Happens Today
Canadian Prime Minister Justin Trudeau gambled and had called an early election, but this might be backfired. The prospect that hampers Ottawa’s response to COVID-19 is causing some anxiety in Canada’s dollar since Trudeau called the vote in mid-August and stocks went near three-week lows.
