The risk appetite improves on early Monday as market players cheer China's stimulus while consolidating the previous weekly moves ahead of the top-tie
Market sentiment improves after global central bankers appear defending restrictive policies but failed to signal more rate hikes.
improves on early Monday as market players cheer China's stimulus while consolidating the previous weekly moves ahead of the top-tier US inflation and employment data. Also likely to defend the optimists could be the mixed bias of the global central bankers at the Jackson Hole Symposium, as well as the resumption of trading of China’s troubled real-estate player Evergrande after 17 months of a halt.
Additionally, the market’s mixed concerns about the futures of the restrictive monetary policies at the major central banks also allow traders to remain hawkish.reiterated his defense for “higher for longer” rates while stating that the policy is restrictive but the Fed can’t be certain what neutral rate level is.
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