📆 Monday, September 4
â–º The week starts well: Asian stocks, especially Chinese stocks ended the day with solid gains (Hang Seng +2.5% / Shanghai Comp. +1.4%), paving the way for a busy economic agenda this week full of important interest rate decisions, CPI reports, GDP releases and other important data expected in the coming days.
â–º European equities, notably the Stoxx 600, saw an uptick of 0.75% after recent losses in Europe, bolstered by China's recent stimulus efforts as well as speculation that US interest rates may soon normalize.
â–º In Asia, China takes proactive measures in its property sector, signaling potential relief for global markets, although structural changes are needed. A notable step included allowing major cities to reduce down payments for potential homeowners and enticing lenders to reduce rates on current mortgages. Because of this, Hong Kong indices soar, particularly in the real estate sector which grew over 7%. The news of the Chinese builder, Country Garden Holdings, obtaining creditor approval for an extended CNY bond due date also boosted market sentiment.
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