Funding & Business
Bond Investors to Focus on Fed Policy Path and Powell’s Tone
Bond investors will be focused on this week’s Federal Reserve meeting, where policymakers are expected to deliver a quarter-point rate cut.
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China’s industrial output and consumption had their worst month yet this year amid a slump in investment. HSBC’s Jing Liu, Global Investment Ressearch Greater China Chief Economist, weighs in on the likelihood that policymakers will roll out more support.
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Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
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Shares of Chinese regional lender Shengjing Bank Co. surged as much as 23% in Hong Kong trading on Monday, after its state-backed shareholder said it will raise an offer to take the bank private.
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