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  • Hi, it's Jeff Kleintop with 90 seconds on what we're watching this week. It's a central

  • bank bonanza. The Fed, the Bank of England, the Swiss National Bank, plus central banks

  • in Sweden, Norway, Brazil, Turkey, and Indonesia all hold monetary policy meetings this week,

  • some of which have already started to hike interest rates. Most of the attention will

  • be focused on the Thursday meeting of the Bank of England's eight-member committee which

  • is tied four to four on whether the criteria has been met for tapering. Now, at the Fed

  • meeting this week on Wednesday, we don't anticipate an announcement on tapering the bond buying

  • program. That may come later this year. So, the focus may be on the Fed's new quarterly

  • projections for the economy and interest rates which for the first time will include projections

  • for 2024. Though the global virus case numbers have receded, aiding the economic and earnings

  • outlook, concerns over the impact of September supply chain disruptions will be measured

  • in the Thursday reports on the first 20 days of Korean exports in preliminary purchasing

  • manager indices again, out on Thursday. Now, China's Evergrande may default, but this isn't

  • likely to be China's Lehman moment. Chinese authorities' crack down on property developer

  • financing has pushed Evergrande to the edge in an effort to manage systemic risk, but

  • we don't believe it will trigger an uncontrolled collapse of China's financial system. This

  • week could see China begin to roll out more stimulus ahead of the Golden Week holiday.

  • Thanks for watching.

Hi, it's Jeff Kleintop with 90 seconds on what we're watching this week. It's a central

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B1 US thursday bank week china outlook september

Weekly Market Outlook | September 20, 2021

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    洪子雯 posted on 2021/09/20
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