Dangle Seng Outlook Stays Cautious with Combined Indicators from Wall Avenue, Fed

Dangle Seng, Federal Reserve, Company Earnings, Evergrande, Fed Monetary Stability Report – Speaking Factors

  • Dangle Seng Index stays below strain with key earnings on faucet this week
  • Evergrande misses offshore bond coupon funds that had been due on Saturday
  • Fed Monetary Stability Report cites Evergrande, Chinese language actual property as main dangers

The Dangle Seng Index continues to seek for readability amid sturdy Wall Street earnings and cautious Fed commentary. The US earnings interval has seen a transparent divergence in efficiency between U.S. and APAC fairness indices. The Dangle Seng continues to slip, as market contributors stay on edge over Evergrande, Chinese language progress, and continued threats of regulatory crackdown. Monday’s session was solely the second optimistic day within the final eleven, with the index retracing a big portion of early October’s features. Regardless of the features, the index continues to hover close to month-to-month lows.

Sentiment remained cautious with the Federal Reserve highlighting a number of dangers in China all through its semi-annual Monetary Stability Report. The Fed pointed to stresses within the Chinese language property sector and potential spillover from Chinese language monetary markets as potential threats to U.S. monetary stability. The Fed additionally touched on Evergrande, stating that the excellent debt and penalties of default that at present face the corporate are worrying.

Dangle Seng Index Day by day Chart

Hang Seng Outlook Remains Cautious with Mixed Signals from Wall Street, Fed

Chart created with TradingView

Market contributors could look to an necessary slate of earnings this week to find out near-term route. This week sees Tencent, Meituan, and Xiaomi all report, and lots of can be seeking to these stories to see how firms are faring below the brand new regulatory framework. Market costs may be buoyed by stories that China will open its border with Hong Kong by June 2022, doubtlessly a light-weight on the finish of the tunnel in regard to the pandemic. Regardless of this, Evergrande stays in focus. Two holders of offshore greenback bonds revealed that they’d not obtained coupon funds that had been due on Saturday, which can rekindle fears over a possible default.

Sources for Foreign exchange Merchants

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— Written by Brendan Fagan, Intern

To contact Brendan, use the feedback part under or @BrendanFaganFX on Twitter

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