Top of the agenda for investors on Tuesday is the start of the U.S. Federal Reserve's highly anticipated September meeting. Fed Chair Jerome Powell will hold a press conference Wednesday at the conclusion of the two-day meeting with investors looking out for any indications about the Fed's tapering of its easy monetary policy.
Powell has said the tapering could occur this year but investors are waiting for more specifics, particularly after mixed economic data released since Powell's last comments. There are no major European earnings but Universal Music Group's IPO is one to watch for on Tuesday. There are no major data releases in the region.
FED sweating...
TRADE WAR NEVER ENDED. IT STILL GONG ON!!! China vs the world... we find out who the winner soon .
wow
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Stocks drop the most since May on worries over China, FedStocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about heavily indebted Chinese real estate developers — and the damage they could do to investors worldwide if they default — rippled across markets. Yup fake market crash But Biden said he was building back better this is good new project minting will be .08 but free if you own one. NFT CryptoDiamonds
Source: AP - 🏆 728. / 51 Read more »
Capsized river boat leaves 10 dead in southwest ChinaA boat that capsized on a river in southwest China has left at least 10 people dead, with another five still missing, according to state media on Sunday. CCTV said that the ship overturned shortly after it departed Saturday evening in Guizhou Province. The tragedy struck days before China’s annual Mid-Autumn Festival, when families traditionally gather to have dinner and mooncakes. 'Prayers'
Source: YahooNews - 🏆 380. / 59 Read more »
‘No Time To Die’ & ‘Dune’ Get October China Release DatesDeadline has confirmed that Legendary/Warner Bros.’ Dune will be opening day-and-date with the U.S. in China on Oct. 22 while Daniel Craig’s swan song as James Bond, No Time to Die, wil…
Source: DEADLINE - 🏆 109. / 63 Read more »
TikTok Maker Caps Screen Time for Youths in ChinaThe maker of TikTok said it would restrict access to Douyin, the Chinese version of the app, to 40 minutes a day for users under 14 years old, in the latest move to curb screen time for younger Chinese users Jokes and autocratic societies notwithstanding, this is actually not a terrible move. I dont know about 40 minutes, but in the context of proliferating mental health disorders that we know this and similar applications are promoting, significant restriction isn't a bad thing. Your bets. Will totalitarianism be able to cover Europe and the United States in the next 20-40 years?
Source: WSJ - 🏆 98. / 63 Read more »
Wall Street’s Love Affair With China Is Headed For TroubleThroughout 2020, even as back-to-back U.S. administrations were mobilizing “China Free” supply chain initiatives and sanctioning Chinese companies and individuals for a host of issues—from the South China Sea to Xinjiang—Wall Street plowed more than $75 billion into China’s economy. horrible I dumped my stock in Chinese companies You have no idea. Any company with a factory or building in China better GTFO ASAP. They’re returning to communism. The machine is built. They’ve all but spelled it out for you. They’re going to take their land back.
Source: Forbes - 🏆 394. / 53 Read more »
Universal Studios Beijing draws eager throngs amid uneasy U.S.-China tiesThe Beijing theme park will be the first Universal Studios resort with a section dedicated to the movie 'Kung Fu Panda' and includes an area based on the Harry Potter franchise, which is popular in China nice So Covid spread continues in China? WHCOVIDResponse
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